Deal Insight

Rockhopper enters Europe via US$32 million cash and share acquisition of Mediterranean Oil & Gas

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Report summary

Rockhopper's offer represents a 16% premium to MOG's market price. Yet our valuation is materially higher than the purchase price. The discount reflects the substantial risks MOG faces with its commercial portfolio in Italy, namely the technically challenging and complex Ombrina Mare development. Should Rockhopper manage to navigate this project to production, it stands to generate considerable value from this deal.

What's included

This report contains

  • Document

    Rockhopper enters Europe via US$32 million cash and share acquisition of Mediterranean Oil & Gas

    PDF 289.96 KB

Table of contents

  • Executive summary
  • Transaction details
    • Italy
    • Malta
    • Other potential exploration acreage
  • Deal analysis
    • Upsides
    • Risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 2 images and tables including:

Tables

  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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