One-Page Deal Sheet
Vermilion Enters SK Bakken with Latest Acquisition
Vermilion Energy Inc. Elkhorn Resources
Announced Date
March 19,2014
Close Date
April 29,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
427
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Midale,Frobisher,Ba
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - April 29, 2014
Vermilion Energy Inc. has announced that it has completed its acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million.
Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion common share of $72.50 on the Toronto Stock Exchange on April 29, 2014).
The acquired assets are comprised of high netback, light oil producing assets in the…
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