Raging River has entered into an agreement to acquire Rock Energy in an all share deal valued at $109 mm (inclusive of $67 mm in debt).
Through this transaction, the Company adds 2,550 boe/d (95% oil), of which 1,950 bbl/d is outside Raging River’s core Viking asset base and producing from Rock’s heavy oil assets primarily at Mantario. Our proforma forecast portrays the transaction as 8% accretive to 2017e CFPS all
while maintaining the Company’s balance sheet flexibility and strong productio ....
02 Jun 2016
Raging River Announces Corporate Acquisition of Rock Energy
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Raging River Announces Corporate Acquisition of Rock Energy
Raging River Exploration (RRX:TSE) | 0 0 (-2.0%) | Mkt Cap: 1,478m
- Published:
02 Jun 2016 -
Author:
Robert Fitzmartyn -
Pages:
8
Raging River has entered into an agreement to acquire Rock Energy in an all share deal valued at $109 mm (inclusive of $67 mm in debt).
Through this transaction, the Company adds 2,550 boe/d (95% oil), of which 1,950 bbl/d is outside Raging River’s core Viking asset base and producing from Rock’s heavy oil assets primarily at Mantario. Our proforma forecast portrays the transaction as 8% accretive to 2017e CFPS all
while maintaining the Company’s balance sheet flexibility and strong productio ....