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One-Page Deal Sheet

Shoreline Sells Doe Area Interest

Not Disclosed Shoreline Energy Corp.
AnnouncedSep 3, 2014
TypeProperty
Announced Date
September 03,2014
Close Date
September 02,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
1




Snapshot
Net Acres
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Location
Region
Canada

Country
Canada

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

Shoreline Energy Corp. has announced that it has sold its interests in certain petroleum and natural gas properties wells, infrastructure and facilities located in the Doe area in Alberta and British Columbia to a buyer for total proceeds of $1 million pursuant to a purchase and sale agreement dated September 2, 2014.

The sale represents approximately 686 net acres, and less than 10 Boe/d of production. The net proceeds of the sale will be used to meet general corporate expenses and reduce total corporate indebtedness.

RBC Capital Markets is acting as financial advisor to Shoreline and the…


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