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Painted Pony Petroleum Announces Bakken Acquisition: The Company Moves A Step Further To Expand Its Presence In The Region
GlobalData, March 2011, Pages: 7
Painted Pony Petroleum Announces Bakken Acquisition: The Company Moves A Step Further To Expand Its Presence In The Region - Deal Analysis From GlobalData
Summary
Painted Pony Petroleum Ltd. (Painted Pony) signed a letter of intent to acquire a 9.4 net section block (6,018 net acres) of land and approximately 45 barrels per day (bbl/d) of Bakken oil production, located in Flat Lake, Saskatchewan, for a purchase consideration of CAD7.7m ($7.91m). The letter of intent is subject to a number of standard conditions and the transaction is expected to close in early April 2011. The transaction implies deal values of $175,777.78 per boe of daily production and $1,314.39 per acre of land.
Scope
- Rationale behind Painted Pony acquiring Bakken assets,
- Strategic Benefits for the companies involved,
- Geography covered -Canada
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North America's Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canada's oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
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