One-Page Deal Sheet
Pieridae to Acquire Cardium-Focused Ikkuma Resources
Pieridae Energy Ikkuma Resources Corp
Announced Date
August 27,2018
Close Date
December 20,2018
Transaction Type
Corporate
Asset/Basin:
{"Alberta Foothills","Western Canada Sedimentary Basin"}
TargetZones:
{Cardium}
Net Acres
Proved Reserves
Location
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Pieridae Energy Limited has signed a deal to acquire Ikkuma Resources Corp. in an all-stock deal.
Ikkuma's properties are primarily located in the Alberta Foothills and include multiple targets including the Cardium and LNG assets.
According to the company's latest presentation, Ikkuma's assets include:
19.3 MBOEPD in production (1Q18) 400,000 net acres Proved Reserves of 56 MMBOE 2P Reserves of 106 MMBOEAlfred Sorensen, CEO of Pieridae stated “The purchase of Ikkuma begins the final steps to reaching the Final Investment Decision which along with our other partners will ensure that…
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