Gondola Resources agreed to acquire the North Park Basin assets of SandRidge Energy, a company engaged in hydrocarbon exploration in the United States, for $47m. "We believe this transaction significantly enhances shareholder value. It monetizes an asset the value of which, we believe, has not been adequately reflected in our stock price and which had become increasingly non-core with the Company's shift to a cash optimization-focused strategy," Carl Giesler, SandRidge President and CEO.