Market reaction: Very positive. Just based on Cash, this would value Block-513 at US$33.8 (100% WI), in line with our valuation for the asset at US$34 mm (about NOK0.25 per share). This excludes the small (10%) carry component. This transaction is also boosting African petroleum balance sheet by US$16.9 mm.
21 Dec 2015
OPHIR ENERGY ACQUIRES 45%WI IN CI-513 IN COTE D'IVOIRE FOR US$16.9 MM AND A 10% NET CARRY
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OPHIR ENERGY ACQUIRES 45%WI IN CI-513 IN COTE D'IVOIRE FOR US$16.9 MM AND A 10% NET CARRY
- Published:
21 Dec 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: Very positive. Just based on Cash, this would value Block-513 at US$33.8 (100% WI), in line with our valuation for the asset at US$34 mm (about NOK0.25 per share). This excludes the small (10%) carry component. This transaction is also boosting African petroleum balance sheet by US$16.9 mm.