09 Dec 2015
Yoho Resources Announces the Sale of Certain Duvernay Assets for $50 Million
Given a stretched balance sheet and challenging commodity price environment, Yoho has announced the sale of ~75% of its Duvernay acreage for $50 mm in cash, which alleviates the Company’s immediate balance sheet constraints while retaining upside in the Duvernay as well as the liquids-rich Montney at Inga within an improving commodity price environment.
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Yoho Resources Announces the Sale of Certain Duvernay Assets for $50 Million
Given a stretched balance sheet and challenging commodity price environment, Yoho has announced the sale of ~75% of its Duvernay acreage for $50 mm in cash, which alleviates the Company’s immediate balance sheet constraints while retaining upside in the Duvernay as well as the liquids-rich Montney at Inga within an improving commodity price environment.