Sorry Coopy ................... you are correct, I cut and pasted it from word and the format looked great in HC review and then I posted and bingo all screwed upGrrrrrrrrrrr
Here is the Dragon acquisition again, just hope it comes out right this time
Acquisition announcement Date June 2015 (note: ENOC originally offered 650p raised to 735p before the final offer.
Purchaser ENOC (Emirates National Oil Company)
Seller Dragon Oil
Listed Shares 491.73m
SP @ Proposed Acquisition 685GBP ($US1.06 @ £1GBP to $US1.55, June 2015)
2P Risked Reserves 663mboo
2C Contingent Reserves 93mboo
Production 85k boo/d
Acquisition Value £3.7b GB
Acquisition Value per Share 800GBP ($1.24US)
Acquisition Value pboo 2P Reserve £5.54GB ($US8.57)
Notes: at time of purchase ENOC already owned ~54% of Dragon but aiming for full ownership.
HKP
Cataclysmic year, page-48
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