Deal insight

Talisman acquire 10% in the Grosbeak discovery from Noreco

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Report summary

Noreco has announced the sale of its 20% share in licence PL378 to Talisman Energy. The licence includes part of the Grosbeak probable development. The US$43 million consideration paid by Talisman is 25% lower than our valuation. This reflects the immaturity of the Grosbeak discovery and the high level of risk still associated with the unitisation and potential development of the asset. This deal allows Noreco to reduce its capital exposure to an already busy schedule of probable ...

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    Talisman acquire 10% in the Grosbeak discovery from Noreco

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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