Leucrotta Exploration sells Northeast BC property

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.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.