One-Page Deal Sheet
ARC Energy Trust Annouces The Acquisition of Storm Exploration Inc.
Arc Energy Trust Not Disclosed
Announced Date
June 09,2010
Close Date
August 17,2010
Transaction Type
Corporate
Enterprise Value (EV)($MM)
680
Asset/Basin:
{Montney}
TargetZones:
{Montney}
Net Acres
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
ARC Energy Trust and Storm Exploration Inc. announced today that they have entered into an Arrangement Agreement whereby ARC will acquire all of the existing and outstanding common shares of Storm in a transaction valued at approximately $680 million (using ARC's 30 day weighted average unit price of $20.75), and includes the issuance of approximately 28.4 million ARC units (including the issuance of exchangeable shares of ARC Resources Ltd., that may be exchanged for ARC units) plus the assumption of approximately $90 million of total debt after receipt of option proceeds and including…
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