One-Page Deal Sheet
San Leon and Hutton To Jointly Develop Polish Shale
San Leon Energy Hutton Energy
Announced Date
June 06,2012
Close Date
November 27,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
15
Asset/Basin:
{"Baltic Basin","Carboniferous Basin"}
TargetZones:
{Shale,"Tight sands"
Net Acres
Transaction Details: Subscribe to see
San Leon is pleased to announce the purchase of 75% working interests of certain Polish assets held by Hutton Energy Plc ("Hutton") with a view to jointly developing the assets.
The concession areas to be jointly developed include:
Wieluń Oleśnica
Baltic Basin
Prabuty Południowe 118,611 acres
Carboniferous 219,430 acres
286,642 acres
San Leon will acquire a 75% working interest in the three Polish concessions for USD 15 million payable in San Leon shares at an agreed price of 11.24 pence per San Leon share and based on an exchange rate of approximately 1.55 US$ per GBP.
Hut…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Mar-27-2014 | TransAtlantic to Join San Leon in Polish Concession Project | -  |
- |
| Aug-26-2011 | San Leon Energy Acquires Realm Energy | - |
- |
| Feb-08-2011 | LNG Energy Completes Acquisition of Polish Shale Gas Acreage | - |
- |