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0.00% 2.1¢ american patriot oil & gas limited

Ann: Texas Acquisitions Signal Transformation, page-2

  1. OilyMan
    3,770 Posts.
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    24/07/18
    09:53
    Post #: 34530846
    TEXAS ACQUISITIONS SIGNAL TRANSFORMATION

    • Acquisition of Foothills Resources Inc and Magnolia/Burnett Assets
    • Deals deliver 550 net boepd/ 6.5 million barrels additional 2P oil and gas reserves
    • Attractive acquisition price less than half PV 10 value
    • CY19 EBITDA estimated to increase to US$12m with low capex spend
    • Total AU$7m equity secured via $4m oversubscribed placement completed and underwritten $3m rights issue
    • Major US-based private credit fund provided a non-binding term sheet for a US$17m debt facility closing August 201
    AOW Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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