One-Page Deal Sheet
Prairiesky Acquires 4% Royalty in Lindbergh SAGD Project
Prairiesky Royalty Ltd. Pengrowth Energy Corp
Announced Date
December 15,2016
Effective Date
January 01,2017
Close Date
January 06,2017
Transaction Type
Royalty
Enterprise Value (EV)($MM)
250
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - January 6, 2017
Pengrowth Energy has closed its previously announced sale of a non-convertible 4.0% gross overriding royalty interest on its Lindbergh thermal assets and an interest in certain proprietary seismic for $250 million of aggregate cash proceeds. The cash proceeds from the transaction help to further strengthen the Company's balance sheet.
Initial Announcement - December 15, 2016PrairieSky Royalty Ltd. has entered into a definitive agreement with Pengrowth Energy Corporation to acquire a 4% Gross Overriding Royalty on current and future phases of its…
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