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One-Page Deal Sheet

Razor Bolts On Alberta Light Oil Assets; 33,500 Net Acres

Razor Energy Corp. Not Disclosed
AnnouncedApr 20, 2017
TypeProperty
Announced Date
April 20,2017
Effective Date
January 01,2017
Close Date
May 25,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
10




Snapshot
Asset/Basin:
{"Kaybob area (Alberta)"}
TargetZones:
{Montney,"Beaverhill
Net Acres
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% Oil:
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Net Operated Locations:
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Proved Reserves
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Location
Region
Canada

Country
Canada

Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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Transaction Details:  Subscribe to see

Summary: Razor Energy has agreed to acquire strategic assets in west central Alberta for cash consideration of $9.6 million.

The Acquisition will be funded with Razor’s cash reserves and through proceeds of the Prospectus Offering.

The Acquisition is complementary on a geographic, geological and operational basis and in terms of product mix with Razor’s current assets and operations in the Swan Hills areas. On a pro forma basis, using February 2017 field estimated production, the Company is expected to have production in excess of 3,700 boe/d, of which 85% is light oil and natural gas liquids.


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Price History


Date Deal Headline Price$/acre
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