One-Page Deal Sheet
Touchstone to Sell Viking Oil Rights, Related Infrastructure
Quattro Exploration and Production Ltd. Touchstone Exploration Inc.
Announced Date
January 20,2016
Effective Date
December 31,2015
Close Date
February 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
4
Asset/Basin:
{Viking}
TargetZones:
{"Viking Formation"}
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Touchstone Exploration Inc. has entered into an agreement to dispose of its Kerrobert, Saskatchewan facility, infrastructure and the associated PNG rights to Quattro Exploration and Production Ltd. for total consideration of $4,150,000.
The consideration includes $650,000 in cash and $3,500,000 in securities through the issuance of 35,000 non-voting Quattro Class "C", Series 3 preferred shares. The preferred shares have a face value of $100 per share and pay an annual preferred dividend of $3.50 per share. The cash consideration consists of $100,000 to be paid upon signing of the Purchase and…
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