HZN 2.70% 19.0¢ horizon oil limited

Potential acquirers include Santos, AWE and the Roc Oil...

  1. 247 Posts.
    Potential acquirers include Santos, AWE and the Roc Oil Company.... AFR(23/04/14)...Puzzle?





    then...

    Singapore-backed Pavillion Energy is one name that has been mentioned as a potential acquierer.... AFR(24/04/14)... so Pavillion Energy, AWE and ROC...?

    The company, which was set up by Singapore fund Temasek, paid $US1.3 billion for a 20 per cent stake in an East African gasfield in November 2013,
    and is believed to be on the lookout in PNG.




    Suspect Pavillion Energy relate to Convertable Bond..?



    192m = 15%




    AWE want to get NZ Asset...?












    How about ROC....?







    Valuation...?


    1.Maari/Manaia Fields
    2.Beibu Gulf
    3.PNG



    Maari asset: $206m/16c(Risked)
    Beibu Gulf: $315/29c(Risked)
    PNG asset: $358/33c(Risked)




    Maari asset: $194m/15c(Risked)
    Beibu Gulf: $267/20c(Risked)
    PNG asset: $406/31c(Risked)

    Risk factors make different Valuations....


    So,
    1.Maari/Manaiafield: 15c(Risked)
    2.Beibu Gulf: 21c(Risked)
    3.PNG Asset: 31c(Risked)
    4.OG deal: +$204m
    5.Debt/Bond: -$210m



    Next...future growth premium?










    Fair Deal: +67c .....IMO,
 
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