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Perpetual Closes East Alberta Sale

Not Disclosed Perpetual Energy Inc
AnnouncedApr 13, 2015
TypeProperty
Announced Date
April 13,2015
Close Date
April 10,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
21




Snapshot
Net Acres
Proved Reserves

Location
Region
Canada

Country
Canada

Production & Reserves
Reserves


Transaction Details:  Subscribe to see

Perpetual Energy Inc. has announced it has closed the sale of certain fee simple lands in east central Alberta, and a working interest in related seismic data, for $21.0 million.

The transaction involves 206,712 net acres (207,770 gross) of fee simple lands, primarily comprised of section 8 and three quarters of section 26 in a checkerboard pattern across a 14 by 18 township area east of Edmonton. Included in the disposition is approximately 165 Mboe of reserves (82 percent gas) associated with royalty interests, as well as the assignment of a 75 percent ownership interest in 1,013 square km…

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