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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

LNG Energy to Acquire Bakken Player Enterprise Energy

Lng Energy Ltd. Enterprise Energy Resources Ltd.
AnnouncedJun 25, 2013
TypeCorporate
LocationBakken Shale & Three Forks
Announced Date
June 25,2013
Close Date
August 20,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
5




Snapshot
Asset/Basin:
{"Williston Basin"}
Location
Region
Williston Basin,Canada

Country
Canada

Country
United States

State
Montana

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LNG Energy Ltd. has entered into a definitive agreement with Enterprise Energy Resources Ltd. whereby LNG will acquire, through a court-approved plan of arrangement under the Business Corporations Act, all of the outstanding common shares of Enterprise for total consideration of approximately C$4.7 million (based on LNG's closing price on June 21, 2013) payable in shares of LNG.

Under the Arrangement, each one Enterprise Share will be exchanged for five common shares in the capital of LNG. The consideration to be paid by LNG represents a premium of approximately 66.7% over the closing price…




Price History



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