Pardee Resources Company Divests Pennsylvania Oil and Gas Interests
Pardee Resources Company (OTC: PDER) has announced the completion of a significant divestment, selling approximately 8,800 acres of oil and gas interests in Elk and Cameron Counties, Pennsylvania for $10 million. The divested assets, which were originally acquired over a century ago, were non-revenue producing and considered non-strategic to the company's operations, according to President and CEO Carleton P. Erdman.
Pardee Resources Company (OTC: PDER) ha annunciato il completamento di una significativa dismissione, vendendo circa 8.800 acri di interessi petroliferi e del gas nelle contee di Elk e Cameron, Pennsylvania, per 10 milioni di dollari. Gli asset ceduti, originariamente acquisiti più di un secolo fa, non generavano ricavi e sono stati considerati non strategici per le operazioni dell'azienda, secondo il Presidente e CEO Carleton P. Erdman.
Pardee Resources Company (OTC: PDER) ha anunciado la finalización de una importante desinversión, vendiendo aproximadamente 8,800 acres de intereses petroleros y de gas en los condados de Elk y Cameron, Pensilvania, por 10 millones de dólares. Los activos vendidos, adquiridos hace más de un siglo, no generaban ingresos y se consideraban no estratégicos para las operaciones de la compañía, según el presidente y CEO Carleton P. Erdman.
Pardee Resources Company (OTC: PDER)는 펜실베이니아주 Elk 및 Cameron 카운티에 있는 약 8,800 에이커의 석유 및 가스 자산을 1,000만 달러에 매각하는 중요한 자산 매각을 완료했다고 발표했습니다. 해당 자산은 100년 이상 전에 취득되었으며, 수익을 창출하지 못하고 회사 운영에 전략적이지 않은 자산으로, 사장 겸 CEO인 Carleton P. Erdman에 의해 밝혀졌습니다.
Pardee Resources Company (OTC : PDER) a annoncé l’achèvement d’une cession importante, vendant environ 8 800 acres d’intérêts pétroliers et gaziers dans les comtés d’Elk et Cameron, en Pennsylvanie, pour 10 millions de dollars. Les actifs cédés, acquis il y a plus d’un siècle, ne généraient pas de revenus et étaient considérés comme non stratégiques pour les opérations de l’entreprise, selon le président-directeur général Carleton P. Erdman.
Pardee Resources Company (OTC: PDER) hat den Abschluss eines bedeutenden Verkaufs bekannt gegeben und etwa 8.800 Acres an Öl- und Gasinteressen in den Counties Elk und Cameron, Pennsylvania, für 10 Millionen US-Dollar veräußert. Die veräußerten Vermögenswerte, die vor über einem Jahrhundert erworben wurden, erwirtschafteten keine Einnahmen und galten als nicht strategisch für die Unternehmensaktivitäten, so Präsident und CEO Carleton P. Erdman.
- Secured $10 million in immediate cash from sale of non-productive assets
- Strategic divestment of non-revenue generating properties
- Improved balance sheet through monetization of legacy assets
- Reduction in total land holdings and potential future development opportunities
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, difficult economic conditions and other risks and uncertainties. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Pardee Resources Company
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