Deltastream Energy Corporation entered into a definitive agreement to sell a 5 percent gross overriding royalty (GORR) on all current and future oil production from its entire Clearwater acreage in Alberta to Topaz Energy Corp. for cash consideration of approximately $265.3 million.

The Clearwater acreage is recognized as one of the most economic oil plays in North America, characterized by low production costs and significant growth potential.

Norton Rose Fulbright advised Deltastream with a team that included Darren Hueppelsheuser, KayLynn Litton, Jennifer Kennedy, Rujuta Patel, Colleen Abel, Joe Mooney, Elisabeth Trotter, Amanda D. Cerisano