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One-Page Deal Sheet

Esrey, BNK Augment Baltic Basin Portfolio via Saponis Interest

BNK Petroleum Inc., Esrey Energy Ltd. Saponis Investments Sp. Z O.O.
AnnouncedDec 23, 2013
TypeFarm-In/Farm Out
LocationPoland Shale
Announced Date
December 23,2013
Effective Date
December 31,2013
Transaction Type
Farm-In/Farm Out




Snapshot
Asset/Basin:
{"Baltic Basin"}
Location
Region
Europe

Country
Poland

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Esrey Energy Ltd. has entered into a binding agreement to add to its holdings in Poland's Baltic Basin through the acquisition of additional interest in Saponis Investments Sp. z o.o.

The Company and BNK Petroleum Inc. have agreed to acquire the interests of the other two Saponis shareholders on a pro-rata basis. As of December 31, 2013, Esrey will hold a 42.96 % interest in Saponis.

David Nelson, President and CEO of Esrey, commented: "The acquisition of additional interest in the Baltic Basin is consistent with our long-stated objective of maintaining optionality in our holdings in Poland…



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Price History



Date Deal Headline Price$/acre
Mar-27-2014 TransAtlantic to Join San Leon in Polish Concession Project - -
Jun-06-2012 San Leon and Hutton To Jointly Develop Polish Shale - -
Aug-26-2011 San Leon Energy Acquires Realm Energy - -