Deal insight

Pacific Rubiales acquires Colombian junior PetroMagdalena for US$298 million

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Report summary

Pacific Rubiales is to acquire Colombian junior PetroMagdalena for US$298 million (including net debt). Pacific Rubiales' C$1.60 per share offer represents a premium of 28% to PetroMagdalena's closing price the day prior to deal announcement. The deal marks Pacific Rubiales' fourth acquisition in Q2 2012; a spending spree that has seen it invest around US$1 billion. While the other three deals were focused on international opportunities in Papua New Guinea Guyana and ...

What's included

This report contains

  • Document

    Pacific Rubiales acquires Colombian junior PetroMagdalena for US$298 million

    PDF 667.62 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 8 images and tables including:

Images

  • Pacific Rubiales and PetroMagdalena acreage
  • Wood Mackenzie modelling assumptions for Cubiro (net to PetroMagdalena)

Tables

  • Executive summary: Table 1
  • 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

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