Market Reaction: Slightly Positive. While a few days behind our forecasts, the imminent start-up of Solan is good news. 2P Reserves at E.ON UK have been estimated at 75 mmboe above the previous indications of 64 mmboe of 2P+2C. The NPV10 of the 2P Reserves has been estimated at US$494 mm (pre Tax) and US$191 mm (post Tax) based on a conservative price deck. The pre-tax number is not fundamentally different from our estimate of US$400 mm of added value including tax synergies. The deal is expe
07 Apr 2016
MORE DETAILS ON THE ACQUISITION E.ON UK AND UPDATE ON SOLAN
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MORE DETAILS ON THE ACQUISITION E.ON UK AND UPDATE ON SOLAN
Harbour Energy Plc (HBR:LON) | 273 -4.4 (-0.6%) | Mkt Cap: 2,104m
- Published:
07 Apr 2016 -
Author:
Stephane Foucaud -
Pages:
3
Market Reaction: Slightly Positive. While a few days behind our forecasts, the imminent start-up of Solan is good news. 2P Reserves at E.ON UK have been estimated at 75 mmboe above the previous indications of 64 mmboe of 2P+2C. The NPV10 of the 2P Reserves has been estimated at US$494 mm (pre Tax) and US$191 mm (post Tax) based on a conservative price deck. The pre-tax number is not fundamentally different from our estimate of US$400 mm of added value including tax synergies. The deal is expe