One-Page Deal Sheet
Jericho to Drop 50% Interest in Central Oklahoma Leasehold
Not Disclosed Jericho Oil Corp
Announced Date
November 23,2015
Effective Date
October 01,2015
Close Date
December 31,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
7
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Woodford Shale",Hu
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
County
Seminole ,Pottawatomie ,Lincoln ,Payne
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Jericho Oil Corporation has signed a definitive agreement to acquire a 50% working interest in producing wells and drillable leaseholds in Central Oklahoma for a total cash consideration of USD$6.50 million. The asset package is in an area complementary to Jericho Oil's existing operations in Oklahoma and represents the Company's fourth announced acquisition within Central and Northeast Oklahoma in 2015.
Central Oklahoma Acquisition Highlights: Jericho Oil acquires 50% average working interest and will assume operatorship upon closing The Central Oklahoma asset is comprised of ~50 producing…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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