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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Touchstone Exploration Sells Dodsland Acreage

Not Disclosed Touchstone Exploration Inc.
AnnouncedAug 4, 2015
TypeProperty
Announced Date
August 04,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
4




Snapshot
Asset/Basin:
{Viking}
TargetZones:
{Viking}
Net Acres
Proved Reserves

Location
Region
Canada

Country
Canada

Production & Reserves
Reserves


Calculated Metrics( EV/Category)
$/ Acre

Transaction Details:  Subscribe to see

Touchstone Exploration Inc. has announced that it has disposed of its working interest in 1,166 net hectares of undeveloped acreage in the Dodsland area of Saskatchewan for cash consideration of $4.2 million to a Canadian oil and gas producer.

The properties are not currently producing and were assigned net proved reserves of 424,000 barrels of oil equivalent based on future development costs of $14.9 million and net proved plus probable reserves of 930,000 barrels of oil equivalent based on future development costs of $26.0 million on December 31, 2014. The sale represents approximately 6% of…

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