One-Page Deal Sheet
Manitok Joins Legacy for Cardium Quirk Creek Project
Manitok Energy Inc. Legacy Oil + Gas- Canada.
Announced Date
July 30,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Western Canadian Sedimentary Basin",Cardium}
TargetZones:
{"Cardium (sweet)"}
Net Acres
Transaction Details: Subscribe to see
Manitok Energy Inc. has entered into a farm-in agreement with Legacy Oil + Gas Inc. in the Quirk Creek area of the Southern Alberta foothills, which is about 10 kilometers west of the Turner Valley oil field.
The farm-in is on about 21 gross sections (13,440 acres) of land, with about 19.6 gross sections (12,544 acres) being prospective for sweet Cardium oil. Legacy has approximately a 99% average working interest in the Farm-in Lands prior to Manitok earning.
Manitok will pay 100% of the cost to drill, complete and equip one horizontal Cardium oil well in order to earn 70% of Legacy's…
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