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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- UK
- Egypt
- The Netherlands
- Other Regions
- Faroe Petroleum
- Deal analysis
-
Upsides and risks
- Upside
- Risk
-
Strategic rationale
- KNOC
- Dana
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- 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
- Dana Petroleum - Wood Mackenzie net production forecast
- Operational sensitivities to Wood Mackenzie base case valuation of Dana
- Strategic rationale: Table 1
What's included
This report contains:
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