Deal insight

Premier Oil acquires EnCore Oil for US$318 million

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Report summary

Premier Oil has announced its intention to acquire UK focused EnCore Oil for a consideration net of working capital of US$318 million ( 206 million). EnCore's key assets are a 15% operated interest in the Greater Catcher Area and a 16.6% non operated interest in the Cladhan field both of which are probable developments. Our base case valuation of the assets is US$317 million ( 206 million). This implies a long term oil price of US$80/bbl which is in line with recent ...

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  • Document

    Premier Oil acquires EnCore Oil for US$318 million

    PDF 326.90 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 6 images and tables including:

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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