One-Page Deal Sheet
PetroNova Divests Interest in Colombian Shale Block
Suroco Energy Inc. Petronova Inc.
Announced Date
July 22,2013
Close Date
July 22,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
3
Asset/Basin:
{"Cagu?
Transaction Details: Subscribe to see
PetroNova Inc., through its subsidiary PetroNova Colombia Inc., has entered into an agreement with Suroco Energy Inc. whereby Suroco's subsidiary Suroco Energy SLU has acquired a 25 percent interest in the PUT-2 Block (in which PetroNova had a 100 percent working interest) located in Colombia's Caguan-Putumayo Basin.
The 25 percent economic interest in the Block acquired by Suroco will convert into a full 25 percent undivided working interest in the Block upon approval by the Agencia Nacional de Hidrocarburos of Colombia .
"PetroNova is excited to advance our drilling program towards…
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