One-Page Deal Sheet
Cuda Sells Canadian Assets; Becomes Pure-Play Powder River E&P
Not Disclosed Cuda Oil & Gas
Announced Date
July 25,2019
Close Date
September 04,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
8
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Cuda Oil and Gas Inc. has agreed to sell all of its oil and gas assets and related liabilities located in the Province of Quebec at a total transaction value of CAD$10.59 million (USD $8.05 million).
The buyer was not disclosed.
This sale will result in the company being a pure-play Powder River Basin operator.
Glenn Dawson, President and Chief Executive Officer of Cuda stated: “This is a significant transaction for Cuda shareholders in its magnitude and strategic creation of a pure play company in the Powder River Basin which has been described as the ‘Permian of the Rockies’."
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-07-2019 |
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