• APF Energy Trust, Calgary, plans to acquire a private company and its joint-venture partner's assets for approximately C$57 million, consisting of units, warrants, cash and assumption of debt. The acquisition includes operated, producing assets concentrated in southeast Saskatchewan, approximately 30,000 net undeveloped acres of land and an extensive proprietary seismic database. In the first deal, APF plans to purchase Kinwest Resources Inc., Calgary, for C$3.30 per share plus the assumption of C$9.9 million of debt, for a deal value of C$32 million. In the other, APF plans to acquire the interests of Kinwest's joint-venture partner for approximately C$25 million in cash and units. The assets include proved reserves of 4.4 million bbl. of oil, 2.46 billion cu. ft. of gas and 50,000 bbl. of gas liquids, and interests in southeast Saskatchewan at Macoun, Handsworth, Workman and Alameda. APF's total daily production will increase from approximately 7,000 BOE to more than 9,000. The price per flowing barrel of oil equivalent is C$27,143. The price per barrel of oil equivalent of established reserves is C$7.17, according to APF. • Provident Energy Trust, Calgary, plans to acquire assets in southeast Alberta from a major Canadian independent for C$72 million. The assets contain an estimated 9.5 million BOE of established reserves and daily production of approximately 3,600 BOE, consisting of approximately 1,450 bbl. of liquids and 12.9 million cu. ft. of gas. The properties have an established reserve life index of 7.3 years. Provident's production will increase to approximately 20,600 BOE per day, 47% gas and gas liquids. The price per established barrel of oil equivalent of reserves is C$6.82, according to Provident. • Exco Resources Inc., Dallas, subsidiary Addison Energy Inc. has acquired Canadian assets from a Canadian producer for approximately US$25.8 million. As of Dec. 31, total proved reserves, to Exco's interest, were approximately 29.1 billion cu. ft. of gas equivalent. Daily production in December 2001 was approximately 570 bbl. of oil and gas liquids and 4.2 million cu. ft. of gas. • Case Resources Inc., Calgary, has acquired from an arm's-length party various producing properties in central Alberta for a total net acquisition price of approximately C$10.4 million in cash. • Crescent Point Energy Ltd., Calgary, plans to acquire assets in central Alberta for C$10.25 million. The assets include an average 65% working interest in operated gas reserves, with production of 585 BOE per day, net; 1.45 million BOE of established reserves; a number of infill/step-out development drilling locations; approximately 24,000 net acres of undeveloped land; and 2-D and 3-D seismic data. • Progress Energy Ltd., Calgary, plans to acquire Campion Resources Ltd., Calgary, in a stock swap worth C$35.4 million. Progress will offer 0.40 Progress common share per Campion common share. Campion holds assets in the Fort St. John area of northeast British Columbia and in east-central Alberta. The assets include proven reserves estimated at 4.2 million BOE, production of approximately 1,600 BOE per day, and undeveloped land of more than 63,000 net acres. More than 85% of the production is operated with an average working interest of 80%. The price per proven barrel of oil equivalent is C$8.45, according to Progress. The combined company will have proven reserves of 11.7 million BOE and daily production of more than 4,870 BOE. • Geocan Energy Inc., Calgary, plans to acquire Timberwolf Energy Inc., which holds working interests in producing properties and undeveloped land in the Dina, Staplehurst, Silverdale and Mikwan areas of Alberta, and in the Marsden, Gully Lake, Dulwich and Kerrobert areas of Saskatchewan. The assets will add more than 150,000 bbl. of oil of proved reserves and more than 210,000 bbl. of probable reserves, and add approximately 55 BOE per day of production. Additionally, Geocan plans to acquire 627228 Saskatchewan Ltd., which holds 100% working interests in approximately 580 net acres and oil wells in the Gully Lake and Standard Hill areas of Saskatchewan. The assets are expected to add approximately 60 BOE per day. Capital providers • BlackRock Energy Capital Ltd., Houston, has been formed to provide capital of less than $5 million for acquisitions, monetizations and development in limited-term overriding-royalty-interest and nonrecourse deals. No third-party engineering report is required. Officers include Cathy Sliva, Dave Stevens and Scott Abel, formerly of Range Resources Inc.'s producer finance business. • Mark E. Fisher, E&P analyst for Banc of America Securities, is leaving the firm for business interests in Europe. He previously was with Alliance Capital Management and Credit Suisse First Boston.