Company Overview and News
Australian oil company Elk Petroleum has completed its acquisition of the Greater Aneth oil field from US company Resolute Energy for $US160 million ($205 million). (3-0)
Elk Petroleum Limited’s (ASX:ELK) shares are trading 21% higher intra-day after acquiring a majority ownership in the Greater Aneth Oil Field in the Rocky Mountains, Utah for US$160 million. (3-0)
Elk Petroleum Limited (ASX:ELK) is heading into the final phases of field development at the Grieve CO2 Enhanced Oil Recovery (EOR) joint venture project in Wyoming, with the construction well advanced. (3-0)
Chicago, IL – September 20, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include BP plc (NYSE:(BP - Free Report) – Free Report), SeaDrill Limited (NYSE:(SDRL - Free Report) – Free Report), Resolute Energy Corporation (NYSE:(REN - Free Report) – Free Report) and Oasis Petroleum Inc. (189-2)
It was a week where oil prices briefly crossed the key mark of $50. Natural gas futures rallied too as warmer forecasts continue raising expectations for demand. (116-0)
DENVER -- Resolute Energy Corporation has announced that it has entered into a definitive agreement to sell its subsidiary, which holds interests in Aneth field in the Paradox basin of Southeastern Utah for total potential consideration of $195 million to an affiliate of Elk Petroleum Limited. Under the terms of the agreement, Resolute will receive cash consideration of $160 million at closing and additional cash consideration of up to $35 million if oil prices exceed certain levels in the next three years. (3-0)
In a bid to transform itself into a Delaware Basin pure play, upstream player Resolute Energy Corporation (REN - Free Report) recently inked a deal to divest assets in the Paradox Basin in southeastern Utah. (29-0)
LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Resolute Energy Corp. (NYSE: REN) ("Resolute"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=REN. The Company announced on September 14, 2017, that it has signed an agreement to sell its subsidiary holding 63% operating working interests in Aneth Field in the Paradox Basin of Southeastern Utah to an affiliate of Elk Petroleum Ltd ("Elk") for $195 million. (20-0)
Resolute sells Aneth Field for $160 million. There is potential for Resolute to receive up to an additional $35 million depending on future oil prices. (3-0)
Elk Petroleum Limited (ASX:ELK) has successfully completed a placement to institutional, professional and sophisticated investors to raise $27.5million. (3-0)
Resolute sold the Aneth EOR project in Utah to Elk Petroleum for $160 + 35 million.
Elk Petroleum Limited (ASX:ELK) has entered into an agreement with Resolute Energy Corporation to acquire a majority ownership in the Greater Aneth Oil Field in Utah for US$160 million.
Elk Petroleum (ASX:ELK) continues to advance final field development at its Grieve CO2 Enhanced Oil Recovery (EOR) joint venture project in Casper, Wyoming.
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