One-Page Deal Sheet
Gran Tierra Closes Sale of Argentina Business to Madalena
Madalena Energy Inc. Gran Tierra Energy, Inc.
Announced Date
May 29,2014
Close Date
June 25,2014
Transaction Type
Asset
Location
Calculated Metrics( EV/Category)
Region
South America,Latin America
Country
Argentina
Play
Production Production
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Closing Announcement - June 25, 2014
Madalena Energy Inc. has announced that it has closed the acquisition of the Argentinean business unit of Gran Tierra Energy Inc.
The Acquisition is highly accretive and includes Proved and Probable reserves of 6,513 Mboe at December 31, 2013, estimated current production of approximately 3,300 Boe/d (~78% oil), 11 exploration and production blocks comprising approximately 890,000 net acres and a fully functional independent business unit in Argentina, with an experienced technical and operational team.
The purchase price was US$63 million, payable in…