Deal Insight
DNO acquires RAK's assets in exchange for equity
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Report summary
DNO International and RAK Petroleum have announced a Heads of Agreement for the merger of RAK's operating subsidiaries in the Middle East and North Africa (MENA) with a subsidiary of DNO. In exchange, DNO will issue shares to RAK equivalent to roughly 10% equity in the company - taking RAK's shareholding in DNO to approximately 40%. The DNO shares will be issued at a minimum of NOK 8.25 (US$1.48) per share and a maximum of NOK 10.00 (US$1.79), against a value of the transferred ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
-
Oman
- Block 8 (50% Working Interest)
- Block 30 (100% WI)
- Blocks 31 and 47 (100% WI and 50% WI)
-
UAE
- Saleh (100% WI)
- RAK B (100% WI)
- RAK onshore concession
- North Africa
-
Oman
- Deal analysis
- Upsides and risks
-
Strategic rationale
- DNO International
- RAK Petroleum
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- RAK and DNO production and reserves
- RAK and DNO MENA acreage
What's included
This report contains:
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