One-Page Deal Sheet
Anatolia, Calik Amend Turkish Shale JV Deal
Anatolia Energy Corp Calik Holding A.S.
Announced Date
January 15,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
7
Asset/Basin:
{"Southeastern Anatolia"}
TargetZones:
{"Dadas Shale","Uppe
Transaction Details: Subscribe to see
Anatolia Energy Corp., along with its joint venture partner, Çalık Enerji San. ve Tic. AŞ. (Calik), recently amended the Joint Venture agreement for Sinan, Antep and Besni such that the final payment to trust of $6.5 million due March 31, 2013 has been extended to August 1, 2013 to better reflect the timing of the respective work programs.
In addition, the parties agreed to amend the JV Supplemental agreement with an option to earn an additional 25% at Bismil (Dadas Shale) such that the payments to trust have been amended to $1.5 million on August 1, 2013 and $10 million on March 31, 2014 to…