One-Page Deal Sheet
PetroHunter Announces Sale of Western Colorado Working Interest
Robert L. Bayless, Producer Llc Petrohunter Energy Corp
Announced Date
January 07,2009
Effective Date
December 01,2008
Close Date
January 07,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
2
Asset/Basin:
{Piceance}
Location
Country
United States
State
Colorado
Transaction Details: Subscribe to see
PetroHunter Energy Corporation today announced it closed
the sale of its 50% working interest in eight producing oil and gas wells
to Robert L. Bayless, Producer LLC, for $2.3 million,
effective December 1, 2008. The eight wells are located in Garfield
County, Colorado, and are operated by EnCana Oil & Gas (USA), Inc.
PetroHunter stated that the sale of these non-operated properties is
consistent with the Company's plan of disposing of non-strategic assets
and will provide additional funds for the Company's ongoing operations.
PetroHunter's Chairman and CEO, Charles B. Crowell, stated, "The cash
gener…
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