One-Page Deal Sheet
Kelt Bolts on to Montney Position in Alberta
Kelt Exploration Ltd. Not Disclosed
Announced Date
November 06,2013
Effective Date
October 01,2013
Close Date
December 20,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
192
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Kelt Exploration Ltd. has entered into an agreement with a Canadian oil and gas company to acquire certain crude oil and natural gas assets located at Pouce Coupe/Spirit River, in close proximity to the Company's core producing areas at Grande Cache and Karr in west central Alberta.
The acquisition has an effective date of October 1, 2013 and is subject to standard industry closing conditions. Closing is expected to occur on or around December 20, 2013.The consideration to be paid by Kelt is $192.0 million, before closing adjustments, and will be financed by existing cash on hand and proceeds…
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