Deals this week: Cona Resources, Jericho Oil Corporation, Linn Energy

Canadian oil and gas company Cona Resources plans to divest its oil and gas assets located in south-west Saskatchewan, Canada.

The properties include the Winter, Court and Plover Lake Thermal assets. Cona Resources has appointed Scotiabank Global Banking and Markets for the asset sale.

Jericho Oil Corporation, through its Oklahoma STACK joint venture, has agreed to dispose a part of its undeveloped acreages to Staghorn STACK.

The acreages are located in Blaine and Major counties in Oklahoma, US. The deal will enable Jericho Oil to increase its acreage base.

The transaction is scheduled for completion by the end of January.

US-based oil and gas company Linn Energy has announced a sale of its interest in Altamont Bluebell Field assets located in Utah, US, for $132m through a definitive agreement.

The asset sale is scheduled to be closed by the end of this year’s first quarter.

The proceeds from the transaction will be used by Linn Energy for general corporate purposes.

Canadian oil and gas company Razor Energy has acquired 100% working interest in Kaybob Triassic Unit 2 and 93.48% working interest in Kaybob Triassic Unit 1 from an arm’s length company for C$4.9m ($3.93m).

The Kaybob Triassic Units 1 and 2 are located in Alberta, Canada.

Haywood Securities, Canaccord Genuity and Eight Capital have been appointed as the financial advisors for the transaction.

The transaction will increase Razor Energy’s asset base in Canada.