One-Page Deal Sheet
Cubic, Gaster Finalize Deal for Proven Eaglebine Assets
Cubic Energy Inc. Gastar Exploration Inc
Announced Date
April 22,2013
Effective Date
January 01,2013
Close Date
October 01,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
47
Asset/Basin:
{"Eaglebine (East Texas)",Bossier}
TargetZones:
{"Eagle Ford",Woodbi
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - Southeast Texas
Country
United States
State
Texas
County
Leon ,Robertson
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - October 1, 2013
Gastar Exploration Ltd. has executed closing documents on the previously announced sale of its East Texas properties to Cubic Energy. Gastar expects to receive $39.2 million in proceeds in addition to the $4.7 million deposit previously paid by Cubic Energy by October 2, 2013.
Closing Extension Announcement #3 - Sept. 20, 2013Cubic Energy, Inc. has obtained a further extension to close the previously announced acquisition of the Gastar Exploration Texas, LP East Texas properties until September 30, 2013.
In consideration for the extension of the…
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