One-Page Deal Sheet
Zargon to Divest Alberta Hamilton Lake Property
Not Disclosed Zargon Oil & Gas Ltd
Announced Date
November 25,2014
Close Date
December 22,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
25
Asset/Basin:
{"Alberta Viking"}
TargetZones:
{Viking}
Transaction Details: Subscribe to see
Zargon Oil & Gas Ltd. has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million.
Zargon has entered into an agreement to sell its petroleum and natural gas assets in Hamilton Lake for a total consideration of $25 million that is comprised of $22.5 million in cash (before adjustments) and $2.5 million in marketable securities.
This transaction is scheduled to close prior to December 31, 2014 and is subject to customary industry closing conditions. The cash proceeds of the disposition will initially be used to reduce bank indebtedness. The…
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