One-Page Deal Sheet
Blackbird Announces Farm-Out Agreement with Pennant Energy
Blackbird Energy Inc. Pennant Energy Inc.
Announced Date
June 21,2013
Close Date
July 18,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
TargetZones:
{"Lower Mannville","
Net Acres
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Blackbird Energy Inc. is pleased to announce that it, has completed the following on its new oil exploration project in the Mantario area of West Central Saskatchewan ("Mantario Project"): Acquired more than 1,280 acres of petroleum and natural gas rights targeting the Lower Mannville, completed and evaluated 2D and 3D seismic on the lands, and entered into a Farm-out Agreement (the "Agreement") with Pennant Energy Inc. ("Pennant").
Under the terms of the Agreement, Pennant may, subject to approval from the TSX Venture Exchange (the "Exchange"), earn a 30% working interest in certain lands…
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