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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Greater Catcher Area
- Cladhan
- Exploration acreage
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Premier's perspective
- EnCore's perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- 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
What's included
This report contains:
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