One-Page Deal Sheet
Bellatrix, Grafton Finalize Cardium-Focused JV
Grafton Energy Co I Ltd. Bellatrix Exploration Ltd.
Announced Date
January 22,2013
Effective Date
July 01,2013
Close Date
June 27,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
122
Asset/Basin:
{"Western Canadian Sedimentary Basin (Alberta)"}
TargetZones:
{Cardium,Notikewin,F
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - June 27, 2013
Bellatrix Exploration Ltd. has closed a joint venture with Grafton Energy Co I Ltd., to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings.
The Joint Venture is in Willesden Green and Brazeau areas of West-Central Alberta. Under the terms of the agreement, Grafton will contribute 82%, or $100 million, to the $122 million Joint Venture to participate in an expected 29 Notikewin/Falher and Cardium well program. Under the agreement, Grafton will earn 54% of Bellatrix's working interest in each well drilled in the well…
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