Sahara Energy Ltd. Provides Deal Update in its MDA Report Ended December 31, 2016

Source Company Report
Company Pan Pacific Petroleum
Tags Country: Canada, M&A: Asset Deal, Deals, Upstream: Upstream News
Date March 31, 2017

Disposition of development and production assets

During 2016, the Company sold three non-producing wells with a nominal carrying amount for cash proceeds of $22,000, which, after reversing the $152,416 related decommissioning obligation, resulted in the recognition of a $174,416 gain on disposition.

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