One-Page Deal Sheet
Omni Oil & Gas Sells Louisiana Property
Not Disclosed Newfield Exploration Co.
Announced Date
August 01,2008
Close Date
June 13,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
1
Location
Calculated Metrics( EV/Category)
Country
United States
State
Louisiana
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Omni Oil & Gas, Inc. (OMOI.PK, http://www.omnioil.com)], a company specialized in oil and gas exploration and production, announced today that it has sold approximately 344 acres of land located in DeSoto Parish, Louisiana to a large independent oil and gas company. The transaction closed on June 13th with Omni receiving more than $1.25 million.
“This sale provides the Company with significant working capital and the opportunity to aggressively pursue several of our key operational ventures,” stated Renn Rothrock, Omni President and CEO. “We expect to be making further announcements regarding…
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