One-Page Deal Sheet
Angle Energy to Divest Cardium Gas Assets
Not Disclosed Angle Energy, Inc.
Announced Date
December 12,2012
Effective Date
December 01,2012
Close Date
January 09,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
74
Proved Reserves
Location
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Angle Energy Inc. has signed a definitive purchase and sale agreement for the divestiture of certain non-core natural gas-weighted assets in the Edson area of Alberta for gross proceeds of $74 million, subject to certain closing adjustments and costs.
The Disposition Assets included in the Transaction represent all of Angle's interests below the base of the Cardium and above the base of the Mississippian in the greater Edson area, with the following attributes:
Current daily production of approximately 2,450 boe/d (77% natural gas) Reserves as at December 31, 2011 of 10.0 MMboe proven and…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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