Tullow Oil Acquires Interest in West Cape Three Points License and Jubilee Field in Offshore Ghana from EO Group - Tullow Oil Strengthens its Foothold in Ghana - Deal Analysis From GlobalData

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Tullow Oil Acquires Interest in West Cape Three Points License and Jubilee Field in Offshore Ghana from EO Group - Tullow Oil Strengthens its Foothold in Ghana - Deal Analysis From GlobalData Powered By Docstoc
					            Tullow Oil Acquires Interest in West Cape Three Points
         License and Jubilee Field in Offshore Ghana from EO Group -
         Tullow Oil Strengthens its Foothold in Ghana - Deal Analysis
                               From GlobalData
        Reference Code: GDGE0317M&A                                                                                                             Publication Date: August 2011


        1         Table of Contents                                                                     1.2     List of Figures
        1 Table of Contents.................................................................1           Figure 1: West Cape Three Points Block and Jubilee Field,
         1.1 List of Tables .................................................................1                    Ghana, Location Map ............................................... 3
         1.2 List of Figures ................................................................1          Figure 2: Tullow Oil, Africa, Operations Map, June 13, 2011 5
        2 Tullow Oil Acquires Interest In West Cape Three Points
          License and Jubilee Field in Offshore Ghana from EO
          Group ...................................................................................2
         2.1 Deal Overview ...............................................................2
         2.2 Deal in Brief ...................................................................2
         2.3 Current Deal Strengthens Tullow Oil’s Existing
              Ghanaian Acreage ........................................................2
         2.4 Tullow Oil is Focused on Capitalizing Oil and Gas
              Potential of African Continent ........................................4
         2.5 Deal Financials and Valuations .....................................6
           2.5.1     Companies Involved .............................................6
           2.5.2     Deal Financials.....................................................6
           2.5.3     Deal Rationale......................................................6
           2.5.4     Detailed Target Information ..................................7
           2.5.5     Detailed Acquirer Information ...............................7
           2.5.6     Detailed Vendor Information.................................7
        3 Appendix ..............................................................................7
         3.1 Methodology ..................................................................7
           3.1.1     Coverage..............................................................7
           3.1.2     Secondary Research ............................................8
           3.1.3     Primary Research ................................................8
           3.1.4     Expert Panel Validation ........................................8
         3.2 Contact Us.....................................................................8
         3.3 Disclaimer......................................................................8



        1.1       List of Tables
        Table 1: West Cape Three Points, Key Statistics, July 2011 ..3
        Table 2: West Cape Three Points, Equity Details, July 2011..3
        Table 3: Jubilee Field, Key Statistics, July 2011 ........................4
        Table 4: Jubilee Field, Equity Details, July 2011 .......................4
        Table 5: Tullow Oil, Africa, Key Statistics ..................................4
        Table 6: Tullow Oil, Africa, Planned Exploration Program, 2011
                   .................................................................................5
        Table 7: Companies Involved ....................................................6
        Table 8: Deal Financials ............................................................6
        Table 9: Tullow Oil, Africa, Asset Transactions and
                   Acquisitions, 2010–2011 (July) .................................6
        Table 10: Target Information .....................................................7
        Table 11: Acquirer Information ..................................................7
        Table 12: Vendor Information ....................................................7




Tullow Oil Acquires Interest in West Cape Three Points License and                                                                                          GDGE0317M&A / AUG 2011
Jubilee Field in Offshore Ghana from EO Group - Tullow Oil Strengthens                                                                                                      Page 1
its Foothold in Ghana                                                                                    © GlobalData. This report is a licensed product and is not to be photocopied
                                                                         2       Tullow Oil Acquires Interest In West
                                                                                 Cape Three Points License and Jubilee
                                                                                 Field in Offshore Ghana from EO
                                                                                 Group
                                                                         2.1    Deal Overview
                                                                         Deal Type:                    Asset Transactions
                                                                         Deal Status:                  Completed
                                      
				
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Description: Tullow Oil Acquires Interest in West Cape Three Points License and Jubilee Field in Offshore Ghana from EO Group - Tullow Oil Strengthens its Foothold in Ghana - Deal Analysis From GlobalData Summary Tullow Oil plc (Tullow Oil) completed the acquisition of 3.5% interest in the West Cape Three Points license and 1.75% interest in the Jubilee field in offshore Ghana, from EO Group Limited (EO Group) for a purchase consideration of $305m. Tullow Oil funded the acquisition cost through the issue of 10,137,196 ordinary shares valuing approximately $216m, and the remainder was paid in cash, including certain working capital adjustments. Following the transaction, Tullow Oil holds 26.4% and 36.5% interest in the West Cape Three Points license and the Jubilee Oil field, respectively. Scope - Rationale behind Tullow Oil acquiring stake in Ghanaian assets from EO Group - Strategic benefits for the companies involved, - Geography covered -Ghana Reasons to buy - Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in African industry, - Identify the most lucrative segments to leverage on the growth oppurtunities available in the Ghana's oil & gas market, - Get a detailed analysis of a deal to enable you to take better decisions.
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