One-Page Deal Sheet
Falcon and Chevron To jointly Develop South African Shales
Chevron Corp Falcon Oil & Gas Ltd.
Announced Date
December 13,2012
Transaction Type
JV
Asset/Basin:
{"Karoo Basin"}
TargetZones:
{"Ecca Group gas sha
Transaction Details: Subscribe to see
Falcon Oil & Gas today that it has entered into an Agreement with Chevron Business Development South Africa Limited (Chevron) which allows both parties to jointly co- operate together in order to seek unconventional exploration opportunities in the Karoo Basin, South Africa.
Falcon currently has a Technical Cooperation Permit (TCP), which gives Falcon exclusive rights to obtain an Exploration Permit covering approximately 7.5 MM acres in the southern part of the Karoo basin.
The Agreement today provides for Falcon to work exclusively with Chevron for a period of five years in jointly…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-12-2012 | Challenger Energy Sells Interest In Karoo Basin | -  |
- |