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Barnwell Industries announced it has entered into an agreement to sell its Canadian oil and gas business for C$9 million. The sale advances the company's transformation and includes a 5% gross overriding royalty on future drilling.
Barnwell Industries announced the sale of its Canadian oil and gas business for C$9 million.
Barnwell Industries has entered into an agreement to sell its Canadian oil and natural gas business for a base price of C$9 million, which includes C$4 million in cash and a 5% gross overriding royalty.
Barnwell Industries has agreed to sell its Canadian oil and natural gas business to an Alberta corporation for a base price of C$9 million. The consideration includes C$4 million in cash and a 5% gross overriding royalty valued at C$5 million.