One-Page Deal Sheet
Ignis Buys Acreage in Barnett Shale
Ignis Petroleum Group Not Disclosed
Announced Date
November 01,2006
Effective Date
June 01,2006
Close Date
November 15,2006
Transaction Type
Property
Enterprise Value (EV)($MM)
18
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
% Oil:
Proved Reserves
Location
Country
United States
State
Texas
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Ignis Petroleum Group, Inc., an oil and gas company with operations focused on the acquisition, exploration and development of crude oil and natural gas positions in the onshore U. S. Gulf Coast and Mid-Continent areas, today announced that it has completed its previously announced acquisition from W. B. Osborn Oil & Gas Operations, Ltd. and St. Jo Pipeline Limited of 45% of the acreage, producing properties, and natural gas gathering and treating system within the St. Jo Ridge (Barnett Shale) Field, located in Montague and Cooke Counties, Texas. The effective date of the transaction is June…
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