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Home Canadian Press Mosaic Energy B.C. and Alberta assets draw "considerable" interest

Mosaic Energy B.C. and Alberta assets draw “considerable” interest

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FORT ST. JOHN, B.C. – According to Ernst & Young, there is “considerable” interest in the
B.C. and Alberta assets of Mosaic Energy who are a private Calgary-based company that went into receivership in April.

There was a report sent to an Alberta court last week and it showed that 32 bidders made offers on 3 packages. The report also says that ARC Resources’  (based out of Calgary) bid for the B.C. properties should be accepted. There is no word on pricing details.

Mosaic had been building a site near Fort St. John.

Merger and acquisitions experts have said most of the smaller players have been “weeded out” after 26 receiverships this year and 20 in 2015.

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