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Beach Energy acquires Drillsearch in Australian Cooper/Eromanga Basin consolidation

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29 October 2015

Beach Energy acquires Drillsearch in Australian Cooper/Eromanga Basin consolidation

Report summary

The new company, which will have a market capitalisation of around US$845 million and 2016 production of c.33,000 boe/d, will retain the two original companies' focus on Australia's Cooper/Eromanga Basin. Its key assets will be Beach's c.20% interest in both the South Australian Cooper Basin JV and South West Queensland JV and both companies' oil assets on the Basin's Western Flank. Upside potential exists through the many unconventional plays being evaluated in the Basin.

Table of contents

  • Executive summary
  • Transaction details
    • Beach Energy's portfolio
    • Drillsearch's portfolio
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Beach and Drillsearch's blocks in central Cooper/Eromanga Basin

What's included

This report contains:

  • Document

    Beach Energy acquires Drillsearch in Australian Cooper/Eromanga Basin consolidation

    PDF 533.98 KB

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