One-Page Deal Sheet
Orlen Acquires Montney Player Kicking Horse for C$356MM
Orlen Upstream, PKN Orlen SA Kicking Horse Energy Inc.
Announced Date
October 13,2015
Close Date
December 01,2015
Transaction Type
Corporate
Enterprise Value (EV)($MM)
356
Asset/Basin:
{Montney}
TargetZones:
{"Montney Formation"
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
ORLEN Upstream Canada Ltd., a wholly owned subsidiary of PKN ORLEN S.A., and Kicking Horse Energy Inc. have entered into a definitive agreement pursuant to which ORLEN Upstream Canada will acquire all of the outstanding common shares of Kicking Horse for C$4.75 per share in cash.
The consideration payable pursuant to the Arrangement represents a 47% premium to the most recent closing price of Kicking Horse's common shares on the TSX-V and a 60% premium to the 20 day volume weighted average trading price of Kicking Horse's common shares for the period ended October 9, 2015, being a total…
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