One-Page Deal Sheet
CNRL Acquires 100% Stake in Joslyn Oil Sands Project
Canadian Natural Resources (CNRL) Not Disclosed
Announced Date
August 31,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
225
Asset/Basin:
{"Athabasca Oil Sands"}
TargetZones:
{"Athabasca Oil Sand
Transaction Details: Subscribe to see
Canadian Natural Resources Limited (CNRL) has entered into an agreement to acquire a 100% working interest in the Joslyn oil sands project for a total consideration of $225 million (comprised of $100 million cash on closing and annual cash payments of $25 million over each of the next five years).
The seller was not disclosed.
The Joslyn lease, which is located directly south of the Company’s current Horizon Oil Sands Mining and Upgrading project, adds significant value to the Company’s already extensive portfolio of high quality long life low decline assets and will allow for more effective…
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