Deal Insight
Beach Energy acquires Drillsearch in Australian Cooper/Eromanga Basin consolidation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Upstream assets
- Beach Energy's portfolio
- Drillsearch's portfolio
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
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Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Beach and Drillsearch's blocks in central Cooper/Eromanga Basin
What's included
This report contains:
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