Deal Insight
Acreage grab in East Africa continues with Ophir Energy’s acquisition of Dominion Petroleum
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Report summary
Ophir Energy is to acquire Dominion Petroleum in a predominantly share deal valued at US$186 million. The deal also includes a cash consideration of US$38 million for Dominion convertible notes. The offer is a 64% premium to Dominion's closing share price before the announcement.Dominion is an exploration company largely focused on East Africa, with acreage in Tanzania, Uganda and Kenya. The company does not hold any reserves: drilling to date has failed to deliver exploration ...
Table of contents
- Executive summary
-
Transaction details
- East Africa's acreage has attracted industry attention
-
Upstream assets
- Dominion: diverse exploration portfolio focused on East Africa
- Ophir: Pan-African Company reinforces its East Africa position
-
Strategic rationale
- Dominion perspective
- Ophir perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes 3 images and tables including:
- Oil & gas pricing and assumptions: Table 1
- Strategic rationale: Table 1
- Dominion acreage
What's included
This report contains:
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