Leucrotta Exploration sells Northeast BC property

1 minute read
01 May 2015

On May 27, 2015, Leucrotta Exploration Inc. (TSXV: LXE) announced that it had signed a purchase and sale agreement and subsequently closed the disposition of a portion of its assets located in the Greater Dawson area in Northeast British Columbia for a cash consideration of approximately $80 million.

The sold assets are currently producing approximately 1,300 boepd (87% gas) and had approximately 8.6 million boe of 2P reserves assigned to it in Leucrotta's independent reserves report.

Gowlings advised Leucrotta in this transaction with a team that included Greg Peterson and Frank Sur.

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