One-Page Deal Sheet
KLR, Tema Merge to Create New Delaware Basin-Focused E&P
KLR Energy Acquisition Corp., Rosehill Resources Inc. Tema Oil & Gas Company
Announced Date
December 20,2016
Close Date
April 27,2017
Transaction Type
Corporate
Enterprise Value (EV)($MM)
400
Asset/Basin:
{"Delaware Basin",Permian}
Net Acres
% Oil:
Proved Reserves
Location
Region
Permian
Country
United States
State
Texas
County
Loving
Play
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Subscribe to see
KLR Energy Acquisition Corp. has entered into a Business Combination Agreement with Tema Oil and Gas Company, a private company with assets in the core of the Delaware Basin in Loving County, Texas.
Upon completion of the business combination, KLR Energy will change its name to Rosehill Resources Inc. and will apply to continue to trade on The NASDAQ Capital Market under the new ticker symbols ROSE, ROSEU, ROSEW.
Tema will contribute oil and gas properties and related assets to Rosehill Operating and KLR Energy will acquire 39% of the equity on a fully diluted basis of Rosehill Operating…
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