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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Petrus Resources Acquires Ravenwood Energy

Petrus Resources Ltd. Ravenwood Energy Corp
AnnouncedSep 2, 2014
TypeCorporate
LocationCardium Shale
Announced Date
September 02,2014
Close Date
October 08,2014
Transaction Type
Corporate




Snapshot
Asset/Basin:
{"Greater Pembina"}
TargetZones:
{Glauconite}
Net Acres
Location
Region
Canada

Country
Canada

Play


Production
Production


Transaction Details:  Require Private Equity Subscription

Closing Announcement - October 8, 2014

Petrus Resources Ltd. has completed its previously announced take-over of Ravenwood Energy Corp., closed a new term loan facility and amended and restated credit facility and appointed a new director.

Petrus reported that 99.7% of the issued and outstanding common shares of Ravenwood were tendered pursuant to Petrus’ offer to purchase all of the issued and outstanding Ravenwood Shares. Petrus has directed the depositary to take up and pay for such Ravenwood Shares and, as the Offer was accepted by holders of greater than 90% of the outstanding Ravenwood…



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