One-Page Deal Sheet
Renegade Lets go of Saskatchewan Asset
Not Disclosed Renegade Petroleum Ltd.
Announced Date
July 11,2013
Close Date
July 11,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
19
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Renegade has closed a non-core asset disposition, with production and a small amount of undeveloped land in its west central Saskatchewan area and undeveloped land in southeast Saskatchewan, for gross proceeds of $19 million.
The Company had planned to allocate a minimal amount of capital to these assets in 2013 and 2014 and the sale is expected to have little impact on Renegade's Viking development plans or booked reserves.
The asset disposition has the following characteristics:
Gross Proceeds $ 19 million
Production 70 boe/d
Annualized Cash Flow $1.3 million
Land 10,854 net undeveloped…
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