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

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13 October 2011

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

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
    • East Africa's acreage has attracted industry attention
    • Dominion: diverse exploration portfolio focused on East Africa
    • Ophir: Pan-African Company reinforces its East Africa position
    • 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:

  • Document

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

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