One-Page Deal Sheet
Antares to Let Go of Two Permian-Midland Assets for $248 Million
Not Disclosed Antares Energy Ltd
Announced Date
September 09,2015
Effective Date
September 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
248
Asset/Basin:
{"Permian (Midland Basin)"}
TargetZones:
{"Wolfberry Trend","
Transaction Details: Subscribe to see
The Directors of Antares Energy Limited advise of the execution of two independent Purchase and Sale Agreements with the same Private Equity purchaser for the sale of Northern Star in the amount of $148 Million USD and Big Star in the amount $105 million USD.
The closing of these two independent Purchase and Sale Agreements with the same Private Equity purchaser will be on or before the 30th November 2015 and is subject to usual commercial closing conditions and adjustments.
The gross pretax proceeds from these transactions are expected to be approximately 250,000,000 USD which will be…
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