One-Page Deal Sheet
Long Run Exploration Ltd. Announces Sale of Non-Core Assets
Not Disclosed Not Disclosed
Announced Date
November 16,2012
Close Date
December 17,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
180
Asset/Basin:
{Viking}
TargetZones:
{Viking}
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Long Run Exploration Ltd. is pleased to announce that it has signed a definitive purchase and sale agreement (the "Agreement") to sell certain non-core assets for total cash proceeds of approximately $180 million, before any closing adjustments.
The non-core assets include the Company's Viking interests located in the Plato / Dodsland / Lucky Hills areas of Saskatchewan. These assets are currently producing approximately 1,900 boe per day (1,800 barrels per day of crude oil and 600 mcf per day of natural gas, based on field estimates).
Subject to receipt of all regulatory approvals, the sale…
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