Deal Insight
Pluspetrol acquires Argentina-focused Apco Oil & Gas in US$395 million deal
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Our US$396 million valuation (NPV10, October 2014) is based solely on the main fields involved in the deal - Entre Lomas, Las Violetas, Rio Cullen, Bandola, Samaria, and Maniceño. Our valuation does not account for the other minor fields, which mainly offer exploration upside. Pluspetrol is likely to have attributed material value to the latter.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Entre Lomas
- Las Violetas and Rio Cullen
- Coiron Amargo
- Llanos 32
- Deal analysis
-
Upsides and risks
- Unconventional
- Incremental gas price
- Currency devaluation
-
Strategic rationale
- Pluspetrol
- APCO
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Argentina and Colombia portfolios
- 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
- Pluspetrol Argentina pre- and post- acquisition
What's included
This report contains:
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