One-Page Deal Sheet
Yangarra Signs Willesden Green Cardium Farm-In Deal
Yangarra Resources Ltd. Not Disclosed
Announced Date
September 04,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Cardium (Willesden Green)"}
TargetZones:
{Cardium}
Net Acres
Net Operated Locations:
Transaction Details: Subscribe to see
Yangarra Resources Ltd. has entered into a 47 section Cardium Farm-In Agreement in the Willesden Green Area with an industry major.
The Farm-In Agreement covers 47 gross (29 net) sections in the Willesden Green area that offset existing Yangarra land holdings. Yangarra has identified 61 gross (37 net) Cardium locations with similar geology to the Company's existing Cardium wells.
Yangarra will spend 100% of the capital costs on the earning wells to earn a 75% working interest in the section and will earn one section for each earning well drilled.
Yangarra has committed to drill 7 net earning…
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