Deal Insight
Centrica joins the UK shale gas hunt
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Centrica is to acquire a 25% stake in onshore licence PEDL 165, located in northwest England, from Cuadrilla Resources and AJ Lucas. Centrica will make an up-front cash payment of US$62.5 million (£40 million),but the total consideration could rise to US$250 million. This marks the first UK shale gas-focussed M&A proper, and heralds the arrival of one of the UK's biggest gas players on the scene. Centrica will view its move into UK uncons as an expansion of its exploration ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Upsides and risks
-
Strategic rationale
- Centrica's perspective
- Cuadrilla's perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- UK Bowland-Hodder Shales Map
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
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