Deal insight

KNOC acquires Dana Petroleum

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Report summary

On 24 September 2010 Korea National Oil Corporation (KNOC) announced that it had secured 64% of the shares in UK based Dana Petroleum. Simultaneously it waived a clause in its initial offer requiring 90% acceptances from shareholders and the offer will now remain open indefinitely. Later on 24 September the Board of Dana recommended that in light of the latest developments shareholders accept the offer. This brings the hostile takeover initiated in August 2010 close to ...

What's included

This report contains

  • Document

    KNOC acquires Dana Petroleum

    PDF 438.96 KB

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 10 images and tables including:

Images

  • Dana Petroleum - Wood Mackenzie net production forecast
  • Operational sensitivities to Wood Mackenzie base case valuation of Dana

Tables

  • 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
  • Upstream assets: Table 1
  • Strategic rationale: Table 1

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