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 ...

What's included

This report contains

  • Document

    Acreage grab in East Africa continues with Ophir Energy’s acquisition of Dominion Petroleum

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 3 images and tables including:

Images

  • Dominion acreage

Tables

  • Oil & gas pricing and assumptions: Table 1
  • Strategic rationale: Table 1

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