One-Page Deal Sheet
Bellatrix Finalizes Cardium JV with Korean Private Equity Fund
Troika Resources Private Equity Fund Bellatrix Exploration Ltd.
Announced Date
October 15,2013
Close Date
November 11,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
120
Asset/Basin:
{Cardium}
TargetZones:
{Cardium,Mannville}
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 11, 2013
Bellatrix Exploration Ltd. has successfully closed the previously announced $240 million joint venture partnership with TCA Energy Ltd.
TCA is a Canadian incorporated special purpose vehicle for Troika Resources Private Equity Fund which is based in Seoul, Korea and managed by KDB Bank, SK Energy and Samchully AMC.
Pursuant to the agreement forming the Joint Venture, Bellatrix and TCA will drill and develop lands in the Ferrier Cardium area of West Central Alberta, with the program to be completed by December 31, 2014. TCA will contribute $120…
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