One-Page Deal Sheet
Leucrotta Bolts On Montney Acreage for $36 Million
Leucrotta Exploration Inc. Not Disclosed
Announced Date
April 05,2017
Close Date
May 17,2017
Transaction Type
Acreage
Enterprise Value (EV)($MM)
36
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
[Summary: Leucrotta Exploration Inc. has entered into agreements with public Alberta based oil and gas companies to acquire 18.5 net sections of land (11,840 acres) located prospective for the Lower Montney Turbidite Light Oil Resource Play for $36 million.]
The Lands are comprised of 18 sections of 100% working interest Crown lands and one 50% working interest section (Leucrotta currently being the other 50% working interest partner). The Lands increase Leucrotta's gross acreage land base within Leucrotta's higher confidence mapping area(1) by approximately 18%.
The Lands are adjacent and…
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