One-Page Deal Sheet
Lone Pine, Arsenal to Combine
Lone Pine Resources Inc. Arsenal Energy Inc.
Announced Date
June 24,2016
Close Date
September 13,2016
Transaction Type
Corporate
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Lithic Glauc (Mann
Net Acres
Proved Reserves
Location
Region
Williston Basin,Canada
Country
Canada
Country
United States
State
North Dakota
County
Mountrail
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Lone Pine Resources Canada Ltd. and Arsenal Energy Inc. have entered into a definitive agreement to effect a business combination.
Transaction Highlights
Upon completion of the Arrangement, New Lone Pine is anticipated to have the following key attributes:
Light and medium oil-weighted asset base focused on three core areas in Alberta (Evi, Princess and Wheatland), which offer meaningful growth potential through lower risk development drilling opportunities, a proven water flood program and future consolidation prospects; Production base of approximately 4,000(1) boe/d comprised of…| Date | Deal Headline | Price | $/acre |
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