One-Page Deal Sheet
Cardinal to Add Further Wainwright Property in Alberta
Cardinal Energy Ltd. Not Disclosed
Announced Date
September 02,2014
Close Date
September 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
241
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Cardinal Energy Ltd. has announced that it has entered into an agreement to acquire approximately 2,500 BOE/day of long life oil production in the Wainwright area of Alberta.
The Acquisition is comprised of 97% crude oil, includes associated infrastructure, is 99.4% operated and has a base decline rate of 7% to 9%.
The Acquisition will be primarily funded with a concurrent $197.5 million bought-deal financing and advances under Cardinal's credit facility.
Wainwright AcquisitionThe Acquisition consists of approximately 2,500 BOE/day of long life, medium quality crude oil with an average…
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