VANTAGE ENERGY ACQUISITION Corp.is bouncing off the scene following its failed acquisition of QEP Resources Inc.'s Williston Basin position for $1.7 billion earlier this year.The special purpose acquisition company,commonly referred to as a SPAC,said March 29 it will redeem all of its outstanding shares of Class A common stock after not completing an initial business combination within the required time period.The redemption,effective close of business on April 18,will mark the dissolution of the company,according to a press release from Vantage.The blank-check company was formed in early 2017 by industry veteran Roger Biemans with the intent to build a premier pure-play operator.Biemans,who sold the company's predecessor in 2016 to Rice Energy for $2.7 billion,also previously served as the president of Encana Corp.'s U.S.affiliate.Following Vantage's IPO in April 2017,the company evaluated numerous opportunities and ultimately decided to pursue QEP's Williston Basin assets given its ability to achieve its stated IPO goals at an attractive entry price,Biemans said in November 2018.
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