- Cash consideration of $40.0 million upon closing, which is expected in early December 2016, subject to customary closing conditions and adjustments;
- Approximately 14,000 net acres in Plaquemines Parish, including 23 producing wells;
- Net sales of approximately 1,160 barrels of oil equivalent per day (97% oil) as of the end of the third quarter 2016; and
- Upon closing of the transaction, Swift will also eliminate the ARO liability associated with this asset from its books and records.
|Floor Price (put)||$||3.3000||$||3.0500||$||3.0500||$||3.1000|
|Ceiling Price (call)||$||3.9000||$||3.5450||$||3.5850||$||3.7150|