Canada - Oil & Gas

摘要

On February 1, 2013, the Alberta Court of Appeal released its decision in Nexxtep Resources Ltd. v. Talisman Energy, Inc., 2013 ABCA 40, substantially upholding the lower court's contractual interpretation and analysis of a mineral rights purchase and sale agreement, dated March 31, 2004 (PSA). This fresh statement of law from the court confirms the significant weight that can be placed on the background factual matrix in contractual interpretation and will likely significantly impact future jurisprudence in this area.