07 Dec 2015
YOHO RESOURCES INC. (YO) ANNOUNCES THE SALE OF CERTAIN DUVERNAY ASSETS FOR $50 MILLION
Impact: Positive. Proceeds from Yoho's sale of ~75% of its Duvernay acreage for $50 mm in cash will alleviate 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.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
YOHO RESOURCES INC. (YO) ANNOUNCES THE SALE OF CERTAIN DUVERNAY ASSETS FOR $50 MILLION
Impact: Positive. Proceeds from Yoho's sale of ~75% of its Duvernay acreage for $50 mm in cash will alleviate 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.