One-Page Deal Sheet
Marquee to Let Go of Gas-Weighted Pembina Assets
Not Disclosed Marquee Energy Ltd.
Announced Date
September 26,2014
Effective Date
September 01,2014
Close Date
September 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
14
Asset/Basin:
{Pembina}
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Marquee Energy Ltd. has entered into a purchase and sale agreement for the sale of a non-core, gas-weighted asset in the Pembina area of western Alberta for total consideration of $14 million, prior to customary closing adjustments.
The Transaction is expected to close on or about September 30, 2014 , subject to applicable regulatory approvals.
The asset's current production is approximately 300 boe/d (76% gas-weighted) with an annualized cash flow of approximately $2.3 million . Given the continued drilling success in Marquee's core area at Michichi, the Company expects to maintain its…
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