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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Llanos Basin
- Other basins
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Pacific Rubiales
- PetroMagdalena
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Pacific Rubiales and PetroMagdalena acreage
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Wood Mackenzie modelling assumptions for Cubiro (net to PetroMagdalena)
- Upstream assets: Table 1
What's included
This report contains:
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