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

One-Page Deal Sheet

Pieridae to Acquire Cardium-Focused Ikkuma Resources

Pieridae Energy Ikkuma Resources Corp
AnnouncedAug 27, 2018
TypeCorporate
LocationCardium Shale
Announced Date
August 27,2018
Close Date
December 20,2018
Transaction Type
Corporate




Snapshot
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 MMBOE

Alfred 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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Price History



Date Deal Headline Price$/acre
Dec-09-2020 Whitecap Resources to Acquire TORC Oil & Gas - -
Sep-01-2020 Whitecap Acquires Nal Resources in All-Stock Deal Worth $155MM - -
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