One-Page Deal Sheet
Maha Energy to Acquire Petro Vista's Brazil-Focused Subsidiary
Maha Energy Us Inc Petro Vista Energy Corp.
Announced Date
January 20,2016
Close Date
December 09,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
3
Asset/Basin:
{"Sergipe-Alagoas Basin"}
Location
Region
South America
Country
Brazil
Transaction Details: Subscribe to see
Petro Vista Energy Corp. has entered into a binding sale and purchase agreement with Maha Energy Inc. for the sale of its wholly owned Brazilian subsidiary Petro Vista Energy Petroleo do Brasil Ltda. (PVEB).
PVEB holds a 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offshore hydrocarbon development block, located in the Sergipe Alagoas Basin in Brazil.
Under the terms of the Agreement, and subject to the prior approval of the Brazilian National Oil Agency, Maha has agreed to pay an aggregate of CAD$2,542,600 for the Company's working…
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