Barnwell Industries To Sell Its Canadian Oil And Natural Gas Business To An Alberta For C$9M
The consideration consists of C$4 million in cash and a 5% gross overriding royalty providing Barnwell with continued participation in future drilling, valued at C$5 million for purposes of the transaction. All amounts
Barnwell is selling its Canada oil and gas business for C$9 million. The company gets cash now and keeps a small piece of future profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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