Scandoil  

Legacy Oil + Gas Inc. acquires Corinthian Exploration Corp.


Published Jun 26, 2014
Legacy Oil + Gas Inc.-2

Legacy Oil + Gas Inc. has acquired Corinthian Exploration Corp. (Corinthian), a private light oil company. The Acquisition represents a further step in enhancing the Company's balance sheet to position the Company for higher production and funds flow from operations growth.

Through the Acquisition, Legacy will acquire high quality, high netback, light oil assets focused in the Company's North Dakota Spearfish core area for total consideration of approximately 20.1 million Legacy common shares and assumed net debt of approximately $34 million (subject to certain adjustments).

Tags: Legacy Oil + Gas Inc.




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