One-Page Deal Sheet
Perpetual Lets Go of Montney Elmworth Leasehold
Not Disclosed Perpetual Energy Inc
Announced Date
March 12,2013
Close Date
March 12,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
78
Transaction Details: Subscribe to see
Perpetual Energy Inc. has closed the previously announced sale of its Elmworth property for net proceeds to Perpetual of $77.5 million, subject to certain closing adjustments and transaction costs.
The Elmworth property consists of 3 gross (1.5 net) non-producing horizontal Montney gas wells at Elmworth, one vertical well at Wapiti, and undeveloped land, including 20,256 net acres of Montney rights. At year-end 2012, McDaniel estimated total proved and probable reserves of 13.1 MMboe net to Perpetual at Elmworth.
Furthermore, McDaniel estimated $122.8 million of future development capital…
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