Japan Petroleum Exploration Co Ltd- Progress Of Disclosed Matters) Completion Of Acquisition Of Tight Oil And Gas Assets Through Acquisition Of Entire Interest In Verdad Resources
Feb 27 (Reuters) - Japan Petroleum Exploration Co Ltd 1662.T:
JAPAN PETROLEUM EXPLORATION CO LTD: PROGRESS OF DISCLOSED MATTERS) COMPLETION OF ACQUISITION OF TIGHT OIL AND GAS ASSETS THROUGH ACQUISITION OF ENTIRE INTEREST IN VERDAD RESOURCES
JAPAN PETROLEUM EXPLORATION CO LTD: COMPLETED ACQUISITION OF ALL INTERESTS IN VERDAD RESOURCES INTERMEDIATE HOLDINGS LLC (HEREINAFTER "VRIH"), WHICH HOLDS TIGHT OIL AND GAS ASSETS (HEREINAFTER "ASSETS") IN COLORADO AND WYOMING
JAPAN PETROLEUM EXPLORATION CO LTD: TOTAL ENTERPRISE VALUE FOR VRIH INTERESTS WAS US$1.26 BILLION
JAPAN PETROLEUM EXPLORATION CO LTD: APPROXIMATELY US$360 MILLION WILL BE FINANCED THROUGH RESERVE BASED LENDING (RBL), WITH REMAINING PORTION COVERED BY JAPEX'S OWN FUNDS AND OTHER SOURCES
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