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Vantage Energy Acquisition Corp (VEAC.OQ)

VEAC.OQ on NASDAQ Stock Exchange Capital Market

10.06USD
10 Dec 2018
Change (% chg)

$0.00 (+0.00%)
Prev Close
$10.06
Open
$10.05
Day's High
$10.06
Day's Low
$10.03
Volume
70,033
Avg. Vol
43,269
52-wk High
$10.49
52-wk Low
$9.62

Latest Key Developments (Source: Significant Developments)

QEP Resources To Sell Williston Basin Assets For Up To $1.725 Bln
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - QEP Resources Inc ::PRESS RELEASE - QEP RESOURCES ANNOUNCES AGREEMENT TO SELL WILLISTON BASIN ASSETS FOR UP TO $1.725 BILLION.QEP RESOURCES - PURCHASE PRICE IS COMPRISED OF $1.65 BILLION IN CASH AND CONTRACTUAL RIGHTS TO RECEIVE UP TO $50 MILLION AND $25 MILLION IN VANTAGE COMMON STOCK.QEP RESOURCES INC - AGREEMENT PROVIDES FOR SALE OF ALL OF QEP'S ASSETS IN NORTH DAKOTA AND MONTANA.QEP RESOURCES - PROCEEDS TO FUND ONGOING DEVELOPMENT OF OUR CORE PERMIAN ASSETS, REDUCE DEBT, AND RETURN CASH TO SHAREHOLDERS THROUGH SHARE REPURCHASE.QEP RESOURCES - WILL BE ENTITLED TO EQUITY CONSIDERATION IF SHARE PRICE THRESHOLDS ARE MET AT ANY TIME DURING FIVE YEAR PERIOD POST DEAL CLOSE.  Full Article

Vantage Energy Acquisition Announces $1.65 Billion Acquisition Of Williston Basin Assets From QEP Resources
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Vantage Energy Acquisition Corp ::VANTAGE ENERGY ACQUISITION CORP. ANNOUNCES $1.65 BILLION ACQUISITION OF WILLISTON BASIN ASSETS FROM QEP RESOURCES TO FORM PUBLICLY TRADED VANTAGE ENERGY INC..VANTAGE ENERGY ACQUISITION CORP - DEAL WILL BE FINANCED PARTLY USING A COMBINATION OF $560 MILLION IN CASH FROM VEAC IPO BEING HELD IN TRUST.VANTAGE ENERGY ACQUISITION CORP - DAVID WOLF, CEO OF FUSE ENERGY AND FORMER CFO OF BERRY PETROLEUM, WILL JOIN AS CFO.VANTAGE ENERGY ACQUISITION - VEAC CHAIRMAN AND CEO ROGER BIEMANS WILL LEAD VANTAGE ON FULL-TIME BASIS.VANTAGE ENERGY- DEAL TO BE FINANCED PARTLY USING $185 MILLION FROM EQUITY ISSUANCE FROM NGP VANTAGE UNDER FORWARD PURCHASE AGREEMENT ENTERED AT IPO.VANTAGE ENERGY ACQUISITION CORP - VANTAGE INTENDS TO PROPOSE AN INITIAL ANNUAL DIVIDEND OF $0.25 PER SHARE.VANTAGE ENERGY ACQUISITION CORP - VANTAGE WILL MAINTAIN A SEVEN-PERSON BOARD, WHICH WILL INCLUDE ROGER BIEMANS AS CHAIRMAN.VANTAGE ENERGY ACQUISITION CORP - AFTER CLOSE, VANTAGE BOARD WILL HAVE 2 APPOINTEES NAMED BY NGP VANTAGE AND FOUR ADDITIONAL INDEPENDENT DIRECTORS.VANTAGE ENERGY ACQUISITION CORP - VEAC HAS SECURED FINANCING COMMITMENTS FOR ANTICIPATED FUNDED DEBT AND RESERVE BASED LENDING FACILITY.VANTAGE ENERGY ACQUISITION CORP - QEP WILL CONTINUE TO PROVIDE TRANSITION SERVICES FOR UP TO 120 DAYS POST-CLOSING.VANTAGE ENERGY - AFTER CLOSING OF DEAL, VEAC PUBLIC INVESTORS WILL OWN 63% OF ISSUED, OUTSTANDING SHARES OF COMMON STOCK OF CO.  Full Article

Vantage Energy Acquisition prices its IPO at $10.00 per unit
Tuesday, 11 Apr 2017 

Vantage Energy Acquisition Corp :Vantage Energy Acquisition Corp says prices its initial public offering of 48 million units at a price of $10.00 per unit.  Full Article

QEP to sell Haynesville-Cotton Valley assets to Aethon for $735 million

QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.

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