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One-Page Deal Sheet

LGX Oil + Gas Inc. To Acquire Alberta Light Oil Asset

LGX Oil + Gas Inc. Not Disclosed
AnnouncedOct 18, 2012
TypeProperty
Announced Date
October 18,2012
Close Date
November 07,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
46




Snapshot
Asset/Basin:
{Manyberries}
TargetZones:
{Manyberries}
% Oil:
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Net Operated Locations:
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Proved Reserves
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Location
Region
Canada

Country
Canada

Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/Location
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Transaction Details:  Subscribe to see

LGX Oil + Gas Inc., announced the acquisition of highly focused, high working interest, operated producing oil assets in southeast Alberta, consisting of light oil production, reserves and undeveloped land in the Manyberries area (the "Acquisition"). To finance the cash portion of the acquisition and for general corporate purposes, the Company has entered into an agreement, on a bought deal basis, with a syndicate of underwriters to raise $47.5 million.

SUMMARY OF THE ACQUISITION

Through the Acquisition, LGX is acquiring 600 Boe/d of high quality, high netback, light oil assets focused in the…


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Canada Deal Activity In Last 12 Months


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Price History


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