One-Page Deal Sheet
Antrim Energy Announces Farm-Out Agreement in Porcupine Basin
Kosmos Energy Antrim Energy, Inc.
Announced Date
April 18,2013
Effective Date
May 07,2013
Close Date
May 07,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Porcupine Basin"}
TargetZones:
{"Cretaceous deep se
Location
Country
Ireland
Transaction Details: Require Private Equity Subscription
Antrim Energy Inc., a Canada-based international exploration and production company, today announced a farmout agreement for its Licensing Option 11/05 (Antrim 100%) in the Porcupine Basin offshore Ireland's west coast.
Kosmos Energy Ltd. ("Kosmos") will acquire 75% interest and operatorship in the Licensing Option in exchange for carrying the full costs of a planned 3D seismic programme within the licence area (the "Skellig Block") and re-imbursement to Antrim of a portion of the exploration costs incurred on the blocks to date. Antrim will retain 25% interest. The transaction is subject to…
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