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Australia-listed small caps Horizon Oil and Roc Oil agree all-share merger of equals

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19 May 2014

Australia-listed small caps Horizon Oil and Roc Oil agree all-share merger of equals

Report summary

Horizon Oil and Roc Oil - two Australia-based and listed independents - have agreed a 'merger of equals'. The new company will have a market capitalisation of approximately US$735 million, assets in seven countries through Asia and Australasia, and combined current production of around 16,500 boe/d. These two firms are highly complementary, blending immediate cash flow with long term growth across a number of growing and emerging markets.

Table of contents

  • Executive summary
  • Transaction details
    • Roc Oil's portfolio
      • Malaysia
      • China
      • United Kingdom
      • Australia
      • Exploration Portfolio
    • Horizon Oil
      • China
      • New Zealand
      • Papua New Guinea
      • Exploration Portfolio
  • Deal analysis
    • Upsides
    • Risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Map showing Horizon and Roc's countries of operation
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Australia-listed small caps Horizon Oil and Roc Oil agree all-share merger of equals

    PDF 417.16 KB

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