One-Page Deal Sheet
Crew Energy Bolts On Montney Acreage
Crew Energy Inc. Not Disclosed
Announced Date
June 04,2013
Close Date
July 09,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
35
Asset/Basin:
{Montney}
TargetZones:
{Montney}
Proved Reserves
PV-10 ($MM)
Location
Region
Canada
Country
Canada
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Closing Announcement - July 9, 2013
Crew Energy Inc. has closed the acquisition of the third tranche of Montney acreage in British Columbia for a purchase price of $35.2 million.
Third Tranche Highlights: Acquisition of 81 sections of highly prospective Montney acreage proximate to Crew’s existing 292 sections. The 18 section portion in the Altares area, as evaluated by Sproule Associates Ltd. effective May 31, 2013, has a proved and proved plus probable reserve assignment of 2.0 mmboe and 7.6 mmboe, respectively. The net present value of the reserves at Altares discounted at 10% is $19.4…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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