One-Page Deal Sheet
Quattro Closes Milo-Clarke Lake Acquisitions
Quattro Exploration and Production Ltd. Japan Petroleum Exploration Co. Ltd., Petronas, Progress Energy Canada Ltd.
Announced Date
March 24,2014
Effective Date
February 01,2014
Close Date
March 24,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
1
TargetZones:
{Slave,"Pine Point"}
Transaction Details: Subscribe to see
On March 24th, 2014, Quattro closed the acquisition of 100% of Progress Energy Canada, Japex Montney Ltd. and Petroleum Brunei Montney Holdings Ltd's interests, including all wells, facilities and lands as outlined in the agreement as the Milo-Clarke Lake Region of British Columbia.
The effective date for the acquisition is February 1st, 2014, which increases Quattro's production in the region by 900 mcf/d (net) bring Quattro's production at Milo-Clarke Lake up to 1,850 mcf/d (net). On closing, Quattro will become the Operator of Record for the facilities and the associated wells while…
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