One-Page Deal Sheet
Iona Acquires Canadian Carrizo Subsidiary
Iona Energy Inc. Carrizo Oil & Gas Inc.
Announced Date
February 23,2013
Effective Date
July 01,2012
Close Date
February 22,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
173
Asset/Basin:
{"UK Central North Sea"}
TargetZones:
{"Paleocene reservoi
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA), is pleased to announce the closing of its previously announced Senior Secured Borrowing Base Facility for up to USD$250 million (the "BBF") with Bank of America Merrill Lynch, Lloyds TSB Bank plc, and BNP Paribas.
Iona has also closed its acquisition of Carrizo UK Huntington Limited ("Carrizo UK"). The acquisition of Carrizo UK consists of:
A 15% non-operated working interest in License P1114 of UK North Sea Block 22/14b covering the near-producing Huntington oil field development ("Huntington");
Royalties equivalent to 2.55% of…
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