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One-Page Deal Sheet

Celtic Exploration Acquires Natural Gas Assets

Celtic Exploration Ltd. Not Disclosed
AnnouncedNov 1, 2011
TypeProperty
Announced Date
November 01,2011
Effective Date
July 01,2011
Close Date
December 21,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
50




Snapshot
TargetZones:
{Cardium,Dunvegan,Ca
Net Acres
Location
Region
Canada

Country
Canada


Transaction Details:  Subscribe to see

Celtic Exploration Ltd. has entered into an agreement with a major petroleum company to acquire natural gas assets at Grande Cache, Alberta, adjacent to Celtic's core area at Resthaven, for cash consideration of $50.0 million, before closing adjustments.

The acquisition has an effective date of July 1, 2011 and is subject to standard industry closing conditions. Closing is expected to occur during the second week of December 2011. The consideration to be paid by Celtic under the agreement will be financed by bank debt. The Company has received an indication from its lead bank, National Bank…

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