One-Page Deal Sheet
Equal Energy Announces Mississippi Lime JV with Atlas Energy
Atlas Energy, L.P Equal Energy Ltd.
Announced Date
April 04,2012
Close Date
April 26,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
18
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Equal Energy Ltd. is pleased to announce that, through one of its wholly owned subsidiaries, it has signed an agreement with Atlas Resource Partners, L.P. whereby Equal will sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 million. Concurrently with the sale, Equal will enter into a joint venture with Atlas to embark on an active drilling program in the Mississippian play.
Don Klapko, President and Chief Executive Officer commented, "I am pleased to have been able to reach this…
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