One-Page Deal Sheet
Perpetual Energy Sells Cardium Assets
Not Disclosed Perpetual Energy Inc
Announced Date
May 24,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
14
TargetZones:
{Cardium,"Mannville
Transaction Details: Subscribe to see
Perpetual Energy Inc. announced the company further positive results from the Corporation's asset disposition program announced in November 2011. Subsequent to the end of the second quarter Perpetual has closed several transactions for realized proceeds of $14.0 million from the sale of assets in southern and northeast Alberta.
The disposed assets consisted of non-core assets in northeast Alberta, shut-in gas over bitumen reserves and the strategic crystallization of value on a portion of an oil pool in southern Alberta. As part of the strategic oil transaction, the Corporation received an…
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