One-Page Deal Sheet
Perpetual Energy Forms Joint Venture in East Edson
Not Disclosed Perpetual Energy Inc
Announced Date
June 26,2014
Effective Date
July 01,2014
Close Date
July 16,2014
Transaction Type
JV
Enterprise Value (EV)($MM)
120
Asset/Basin:
{"Greater Edson (Alberta)"}
TargetZones:
{"Wilrich Formation"
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Closing Announcement - July 16, 2014
Perpetual Energy Inc. has announced that it has successfully closed the previously announced East Edson Joint Venture.
Proceeds to Perpetual include $50 million for the sale of a 50 percent gross overriding royalty on existing producing assets and an additional $70 million to fund Wilrich development activities to earn a second royalty.
In combination, in exchange for the total acquisition and funding commitment of $120 million, the Drilling and Producing Royalties entitle the joint venture partner to receive on a priority basis 5.6 MMcf/d of natural gas…
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