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Razor to Acquire Little Rock Resources in All-Stock Deal

Razor Energy Corp. Little Rock Resources
AnnouncedAug 21, 2019
TypeCorporate
Announced Date
August 21,2019
Effective Date
October 05,2019
Close Date
September 11,2019
Transaction Type
Corporate
Enterprise Value (EV)($MM)
13




Snapshot
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
TargetZones:
{"Mannville (lithic
Net Acres
Proved Reserves

PDP PV-10 ($MM)
PV-10 ($MM)
Location
Region
Canada

Country
Canada

Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Residual Metrics
Residual Value

Transaction Details:  Subscribe to see

Razor Energy has entered into a binding pre-acquisition agreement to acquire all the issued and outstanding common shares of Little Rock Resources.

The Transaction implies a value of approximately $12.7 million for Little Rock, including $10.6 million of equity from Razor and the assumption of Little Rock’s net debt of $2.1 million.

Assets:

Little Rock’s current production is approximately 900 boe/d, while independently evaluated proved developed producing reserves were 2.15 MMBoe at December 31, 2018.

According to the company's website, they currently have 50,000 net acres in Alberta.

Under…

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