One-Page Deal Sheet
Pearl Exploration Acquires Montana and Utah Heavy Oil Assets
Pearl Exploration and Production Ltd. Petrohunter Energy Corp
Announced Date
March 01,2008
Close Date
November 07,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
30
TargetZones:
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Location
Country
United States
Transaction Details: Subscribe to see
Pearl Exploration and Production Ltd. is pleased to report that it has closed the previously announced (October 1, 2007) acquisition of PetroHunter Energy Corporation's heavy oil assets located in Montana and Utah. The assets acquired include a 100% working interest in several large resource heavy oil development projects referred to as Fiddler Creek, Promised Land, West Rozel and Gunnison Wedge. Closing on a total of an additional approximately 4,836 net acres ("Additional Acres", representing approximately 22% of the net acres comprising the Fiddler Creek properties) has been deferred until…
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