One-Page Deal Sheet
Target Sheds 10% W.I. in Permian Basin Fairway Project
Aurora Energy Partners, Victory Energy Corporation Target Energy Limited
Announced Date
May 13,2014
Effective Date
May 01,2014
Close Date
July 02,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
6
Asset/Basin:
{Permian}
Transaction Details: Subscribe to see
Closing Announcement - July 2, 2014
Victory Energy Corporation has reported that Aurora Energy Partners, a consolidated subsidiary of Victory in which Victory is the controlling member, has completed the acquisition of a 10% stake in the proved and producing Permian Basin Fairway Project from Target Energy Corporation for total cash consideration of $5.8 million.
Kenny Hill, CEO of Victory Energy Corporation, commented: "We are extremely pleased to acquire a 10% interest in such a high quality producing asset. This acquisition adds approximately 64 BOE per day to our interest and provides…
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