Deal Insight
Ophir to acquire Salamander
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Report summary
On 24 November 2014, Salamander and Ophir announced the terms of a recommended all-share deal valuing Salamander at US$828 million (based on Ophir's closing price on 20 November). Based on our analysis of the target company, this puts the deal at an Implied Long-term Oil Price of ca. US$85/bbl. Although strong investor appetite has led to a resurgence in South East Asia M&A over the last 18 months, Salamander has done well to get this deal away in the current oil price environment.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- B8/38 (Bualuang)
- E5 & EU1 (Sinphuhorm)
- Bangkanai PSC
- Deal analysis
-
Upsides and risks
- Bualuang
- Sinphuhorm
- Bangkanai
-
Strategic rationale
- Salamander Energy
- Ophir Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Image 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
What's included
This report contains:
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