Deal insight

Santos acquires 75% of Eastern Star Gas

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Report summary

On 18 July 2011 Santos announced that it had reached binding agreements to acquire 100% of the outstanding shares in Eastern Star Gas (ESG). The all share transaction values ESG at A$869 million (US$922 million). Santos already owns 20.9% of ESG having first purchased equity in the company in July 2009. Subsequent to the closure of this deal Santos and TRUenergy (which currently owns 3.8% of ESG) will execute further transactions to re align their interests to create an 80:20 Joint ...

What's included

This report contains

  • Document

    Santos acquires 75% of Eastern Star Gas

    PDF 533.13 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 7 images and tables including:

Images

  • Narrabri Gas Project and Eastern Star Gas (ESG) Permits

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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