One-Page Deal Sheet
AWE Limited Sells 10% Stake in Eagle Ford Sugarloaf Asset
Carrier Energy Partners Ii Llc Awe Limited
Announced Date
January 29,2016
Effective Date
January 01,2016
Close Date
March 17,2016
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
190
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Eagle Ford Shale"}
Transaction Details: Require Private Equity Subscription
Closing Announcement - March 17, 2016
AWE Limited has completed the sale of its 10% working interest in the Sugarloaf Area of Mutual Interest (AMI) to USA-based Carrier Energy Partners II, LLC (CEP II) for cash consideration of USD 190 million (before tax).
The cash consideration comprised a USD 14 million deposit, received in January 2016, and the remaining balance of USD 176 million received on completion. In addition, AWE received USD 16 million for purchase price adjustments, including USD 9 million for drilling costs incurred prior to the effective date of 1 January 2016.
As previously…
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