petrobras announced overnight that the sale of Pampo and Enchova cluster to Trident Energy was concluded on amended terms.
the upfront payment drops to $365.4m + $53.2 previously paid deposit vs. original terms of $800m including deposit. (!!!!!!)
contingent payment changes from $200m to $650m, this maintains the headline price. Would imagine this doesn’t kick in until brent back above $65-$70
note this deal was inked in July 2019, same time and market conditions as Bauna. Very clean read across to Bauna/Karoon acquisition and implies a upfront payment of $300-$350m BEFORE the sale adjustments.
the market hasn’t made the connection yet, fill your boots up!
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.93 |
Change
-0.033(1.65%) |
Mkt cap ! $1.415B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.99 | $1.93 | $2.593M | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 35141 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 28286 | 17 |
View Market Depth
| Last trade - 13.30pm 22/07/2025 (20 minute delay) ? |
| KAR (ASX) Chart |