New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
05:09 EDTTPLMTriangle Petroleum announces acquisition of Williston Basin properties for $120M
Triangle Petroleum announces that Triangle USA Petroleum, the company's wholly-owned E&P subsidiary, has entered into two separate definitive agreements to acquire Williston Basin properties, and received bank commitments for 100% financing of the acquisitions, including a new senior secured second lien term loan facility. The company signed two separate definitive agreements to acquire approximately 46,100 net acres in a contiguous area of Williams County, ND and Sheridan County, MT: 1,175 Boepd of current production 4,450 MBoe of net proved reserves with a PV-10 value of approximately $110M based upon internal estimates as of April 30. The total consideration was approximately $120M, net of estimated purchase price adjustments and sale of acquired saltwater disposal well to Caliber Midstream Partners.
News For TPLM From The Last 14 Days
Check below for free stories on TPLM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for TPLM

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use