andRidge Energy, Inc. (NYSE:SD)?announced that it has completed its previously announced joint venture transaction with an affiliate of Atinum Partners Co., Ltd. ("Atinum"), a leading investment firm located in the Republic of Korea. At closing, SandRidge received approximately $250 million in cash and transferred to Atinum an undivided 13.2% non-operated working interest in SandRidge's original Mississippian play. SandRidge will receive an additional $250 million in the form of a drilling carry. ?
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(SD, CRWE, GPK, MSO) Stock in Focus by CRWEWallStreet.com
October 1st, 2011 at 02:08 pm