Rondo Petroleum Inc.

Oil & Energy - Calgary, Alberta, Canada

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Rondo was financed through $55 million in equity raised throughout 2008 and 2009. The Company was sold to PetroBakken for $285 million or $3.65/share (78% CAGR) in 2010 when production was approximately 1,200 boe/d. Rondo's team was one of the early groups to recognize the horizontal development potential of the Cardium at Pembina and Rondo drilled first monobore Cardium wells in Alberta, proving technical leadership in the basin.

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Employees: 0
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Location: Calgary, Alberta, Canada
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