One-Page Deal Sheet
Amen Properties Purchases Oil and Gas Interests in the Permian Basin
Not Disclosed Not Disclosed
Announced Date
August 26,2008
Effective Date
June 01,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
2
Asset/Basin:
{"Permian Basin"}
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
Amen Properties (Nasdaq:AMEN) today announced that its wholly owned subsidiary, Amen Minerals, LLC ("Amen Minerals") has acquired a 5% working interest and 4% net revenue interest in certain oil and gas properties (the "Properties") from Aghorn Energy, Inc. ("Aghorn") for a purchase price of $1,750,000, effective June 1, 2008. The Properties were acquired by Aghorn from Exxon Mobil Corporation on June 1, 2008 and consist of Exxon Mobil's leasehold interests in approximately 30,000 acres in the Permian Basin of Texas known as the Yarbrough and Allen Field. Mr. Jon Morgan, the Company's CEO…
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