Oman Resources Secures Convertible Debt For $7.2m from Niche Group: Niche Group Further Increases its Investment in Oman Resources - Deal Analysis From GlobalData

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Oman Resources Secures Convertible Debt For $7.2m from Niche Group: Niche Group Further Increases its Investment in Oman Resources - Deal Analysis From GlobalData Powered By Docstoc
					        Oman Resources Secures Convertible Debt For $7.2m from
       Niche Group: Niche Group Further Increases its Investment in
            Oman Resources - Deal Analysis From GlobalData
      Reference Code: GDGE0336M&A                                                                                                         Publication Date: November 2011


      1         Table of Contents
      1 Table of Contents.................................................................1
       1.1 List of Tables .................................................................1
       1.2 List of Figures ................................................................1
      2 Oman Resources Secures Convertible Debt For $7.2m from
        Niche Group .........................................................................2
       2.1 Deal Overview ...............................................................2
       2.2 Deal in Brief ...................................................................2
       2.3 Details of the Deal .........................................................2
       2.4 Oman Resources’ Operations are Located in an
            Attractive Investment Destination for Gas Sector ..........3
       2.5 Oman Resources has been Raising Funds from Niche
            Group by Opting for Convertible Loan to Fund its Asset
            Acquisitions, Exploration Activities and Working Capital
            Requirements ................................................................4
       2.6 Deal Financials and Valuations .....................................4
      3 Appendix ..............................................................................5
       3.1 Methodology ..................................................................5
       3.2 Contact Us.....................................................................6
       3.3 Disclaimer......................................................................6

      1.1       List of Tables
      Table 1: Total Recoverable Gas Reserves (Billion Standard
                 Cubic Feet): Hatay Block 4396, October 27, 2011 ...4
      Table 2: Total Recoverable Gas Prospective Resources
                 (Billion Standard Cubic Feet): Hatay Blocks 4394,
                 4395, 4396, October 27, 2011 ..................................4
      Table 3: Companies Involved ....................................................4
      Table 4: Financials of the Deal ..................................................4
      Table 5: Target Information .......................................................4
      Table 6: Acquirer Information ....................................................5



      1.2       List of Figures
      Figure 1: Oman Resources, License Map ................................2
      Figure 2: ARAR, License Portfolio ............................................3
      Figure 3: Turkey, Oman Resources and ARAR Asset Location
                and Pipeline Infrastructure Map ................................3




                                                                                                                                               GDGE0336M&A / Published NOV 2011
Oman Resources Secures Convertible Debt For $7.2m from
                                                                                                                                                                                 Page 1
Niche Group: Niche Group Further Increases its Investment in                                       © GlobalData. This report is a licensed product and is not to be copied, reproduced,
Oman Resources                                                                                                                                             shared or resold in any form
                                                                           out of the proceeds of private placement. Niche Group
                                                                           announced that it would retain the remaining proceeds of the
      2      Oman Resources Secures Convertible                            placing for working capital requirements and further
             Debt For $7.2m from Niche Group                               investments. The placement did not require additional
                                                                           shareholder approvals. Daniel Stewart acted as Broker and
      2.1    Deal Overview                                                 Nominated Adviser to Niche Group for the placing.
      Deal Type:                 Debt Offerings                            Niche Group has been evaluating opportunities with Oman
      Deal Status:               Completed                                 Resources to farm-into additional licenses.

      Announced Date:            April 21, 2011                            The convertible loan agreement of Niche Group with Oman
                                                                           Resources amounts to £4m increased further investment
      Completed Date:            July 1, 2011                              opportunities for Niche Group, especially in Block 4077, located
                                                                           in Konya in the Toz Gulu basin. Donal Boylan, Director of
      2.2    Deal in Brief                                                 Niche, commented, “The discovery of an unexpected
				
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Description: Oman Resources Secures Convertible Debt For $7.2m from Niche Group: Niche Group Further Increases its Investment in Oman Resources - Deal Analysis From GlobalData Summary Oman Resources Limited (Oman Resources) secured convertible debt for gross proceeds of £3.5m ($7.2m). The debt was issued by Niche Group Plc (Niche Group). Under the terms of the agreement, the debt is convertible either at Niche Group’s option or automatically on the occurrence of certain specified events into a further 3.5% of Oman Resources’ share capital rendering Niche Group a total share of 35.7% in Oman Resources. Oman Resources intended to use the proceeds to meet the payment obligation with respect to its farm in agreement on Hatay Block 4394, located in Turkey. Scope - Rationale behind Oman Resources securing convertible debt, - Strategic benefits for the companies involved, - Geography covered -Europe Reasons to buy - Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the European oil and gas industry, - Identify the most lucrative segments to leverage on the growth oppurtunities available in the Turkish oil & gas market, - Get a detailed analysis of a deal to enable you to take informed decisions.
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