Kaisen Energy secures initial investment from KERN Partners
Kaisen Energy Corp has received an initial investment from KERN Partners, a Canadian energy-focused private equity firm. The investment's value was not disclosed. Founded in March 2013, Calgary-based Kaisen is an explorer and producer of conventional heavy oil assets in Western Canada. It said the partnership with KERN will help the company develop its existing assets in the Saskatchewan heavy oil fairway and capitalize on acquisition opportunities in the current period of market turmoil. With the investment, KERN's Deputy Managing Partner Dave Pearce and Managing Director Chris Hooper have joined Kaisen's board of directors.
23 November 2015•5 mins read
