One-Page Deal Sheet
Arcan Sells Undeveloped Swan Hills Acreage
Not Disclosed Arcan Resources Ltd.
Announced Date
January 14,2013
Close Date
January 14,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
10
Asset/Basin:
{"Swan Hills"}
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Arcan Resources Ltd. has completed a disposition of one and three-quarters sections of undeveloped land in 64-09W5 for proceeds of $10.0 million. The land sold was located in the southern-most area of Arcan's Swan Hills acreage, did not have any associated production, and was isolated from Arcan's existing core production and infrastructure.
The land sale is consistent with Arcan's stated intention to dispose of non-core assets through a number of targeted dispositions. Arcan remains focused on the excellent opportunities in its core operating areas and the sale proceeds will be applied…
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