One-Page Deal Sheet
Perpetual Energy to Sell Heavy Oil in Eastern Alberta
Not Disclosed Perpetual Energy Inc
Announced Date
October 27,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
22
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Perpetual Energy Inc. has announced the signing of a definitive purchase and sale agreement to divest of several non-core heavy oil properties in eastern Alberta for gross proceeds of $21.6 million, excluding certain closing adjustments and transaction costs.
A deposit of $3.24 million has been paid to Perpetual, with the remaining disposition proceeds due at closing which is expected to occur on or prior to November 7, 2014.
Integrating the McDaniel year end 2013 reserve estimates for these assets, adjusted for 2014 production, and internal estimates for reserve additions driven by…
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