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One-Page Deal Sheet

Pan Orient Sells Interest in Thai Subsidiary

Sea Oil Ltd Pan Orient Energy
AnnouncedNov 5, 2014
TypeProperty
Announced Date
November 05,2014
Close Date
February 02,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
43




Snapshot
Location
Region
Asia - Pacific

Country
Thailand


Transaction Details:  Subscribe to see

Closing Announcement - February 2, 2015

On November 5, 2014 Pan Orient Energy Corp. had announced it had entered into an agreement for the sale of a 50-per-cent equity interest in subsidiary Pan Orient Energy (Siam) Ltd. to a wholly owned subsidiary of Sea Oil Public Company Limited, of Thailand, for a cash price of USD $42.5 million, including a working capital adjustment of USD $2.4 million. Pan Orient Energy (Siam) Ltd. holds Pan Orient's 100% interest in Concession L53/48 in Thailand.

On January 12, 2015 Pan Orient was informed that Sea Oil required additional time to complete certain…

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