Deal Insight
GeoPark acquires Colombia-focused Amerisur for US$271 million
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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
GeoPark is to acquire Colombia-focused Amerisur Resources in an all-cash deal for an enterprise value of US$271 million. GeoPark will pay US$315 million for Amerisur's equity and will assume US$44 million in cash and working capital. For Amerisur, a sale was not unexpected – amid a falling share price and an unsolicited offer from Maurel & Prom in July 2019, the company initiated a strategic review process in a bid to maximise value for its shareholders. That GeoPark offered 19.21p per share – up from Maurel & Prom's offer of 17p per share – the process can be considered a success. For GeoPark, the acquisition aligns closely with its strategy to grow both organically and inorganically in the region.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- 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 1GeoPark and Amerisur Colombian BlocksUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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