Scandoil  

Eagle Energy Trust closes strategic acquisition in the Twining field


Published Aug 21, 2015
Eagle Energy Trust-2

Eagle Energy Trust has completed the previously-announced acquisition of a private oil and gas company (Privateco) with petroleum assets in the Twining Field in Alberta (the "Transaction") and has updated its 2015 guidance.

The Transaction was valued at approximately $30 million, including Privateco's indebtedness, and was funded out of Eagle's existing credit facility of $US 85 million. It was completed by the amalgamation of Privateco with a newly incorporated operating subsidiary of the Trust.

As a result of the Transaction, Eagle acquired an 80% working interest in petroleum producing properties in the Twining Field located in one of the largest Pekisko oil pools in the Western Canadian Sedimentary Basin. Eagle anticipates the acquisition to be immediately accretive.

Tags: Eagle Energy Trust




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml