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
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Italy
- Malta
- Other potential exploration acreage
- Deal analysis
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Upsides and risks
- 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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