One-Page Deal Sheet
TORC Buys SE Sask Conventional Property
TORC Oil & Gas Ltd. Not Disclosed
Announced Date
February 05,2015
Close Date
February 26,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
128
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Closing Announcement - February 26, 2015
TORC Oil & Gas Ltd. has announced that it has closed its previously announced acquisition of complementary, conventional light oil assets in southeast Saskatchewan.
The strategic Acquisition includes over 1,550 boepd (94% light oil and liquids) of high quality, low decline, light oil producing assets.
Total consideration for the Acquisition was payable through the issuance of 16.0 million common shares of TORC. An aggregate of 3.2 million of the 16.0 million TORC common shares to be received by the vendors pursuant to the Acquisition were released at…
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