One-Page Deal Sheet
Pan Orient Energy Completes Sale of Thailand Subsidiary
Not Disclosed Pan Orient Energy
Announced Date
June 19,2012
Effective Date
December 31,2011
Close Date
June 19,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
179
Asset/Basin:
{"Phetchabun Basin"}
Location
Region
Austral-Asia
Country
Thailand
Transaction Details: Subscribe to see
Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (POE – TSXV) is pleased to announce that it has completed today the previously announced sale of its subsidiary Pan Orient Energy (Thailand) Ltd. ("POET"), which holds Pan Orient's 60% interest in Concession SW1 in Thailand and, indirectly through POET's subsidiary Pan Orient Resources (Thailand) Ltd., which holds Pan Orient's 60% interest in Concessions L44/43 and L33/43 in Thailand, for a cash price of USD $170 million plus USD $9 million for working capital and other adjustments. USD $3 million was placed in escrow at closing to…
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