One-Page Deal Sheet
Magnum Hunter to Depart Canada; Will Sell Off Remaining Assets
Not Disclosed Magnum Hunter Resources Corp.
Announced Date
April 22,2014
Effective Date
March 01,2014
Close Date
May 12,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
68
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Magnum Hunter Resources Corporation has executed a definitive agreement with a Canadian private company to sell 100% of its ownership interest in the Company's Canadian subsidiary, whose assets consist primarily of oil and gas properties located in the Tableland Field in Saskatchewan, Canada, for a purchase price of $75 million (Canadian -- or approximately $67.5 million (US) at the current exchange rate), subject to customary purchase price adjustments with an effective date of March 1, 2014.
The transaction is expected to close on or about May 12, 2014. The closing is subject to the…
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