One-Page Deal Sheet
ITOCHU Acquires Interest in Entrada Field From Callon
Cieco Energy Callon Petroleum Co.
Announced Date
February 12,2008
Effective Date
January 01,2008
Close Date
April 08,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
155
Asset/Basin:
{"Gulf of Mexico Deepwater"}
Transaction Details: Subscribe to see
CIECO Energy US Limited, 100% owned subsidiary of ITOCHU Corporation, has concluded an agreement with Callon Petroleum Operating Company, US Independent US Oil & Gas Company, on February 11th 2008 (local time) to acquire a 50% working interest in the Entrada Field(Garden Banks Blocks 738, 782, 785, 826, 827) from Callon who currently holds the 100% working interest(Please refer to the chart). The transaction will become effective as at January 1, 2008 retroactively when all Condition Precedent, such as to acquire relevant and necessary approval to close the transaction, are satisfied or…
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