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Pengrowth Energy Trust To Acquire Remaining 82% Stake In Monterey Exploration - Deal Analysis from GlobalData

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Pengrowth Energy Trust To Acquire Remaining 82% Stake In Monterey Exploration - Deal Analysis from GlobalData Summary Pengrowth Energy Trust, (Pengrowth) entered into an arrangement agreement to acquire remaining 82% interest in Monterey Exploration Ltd., (Monterey) for a purchase consideration of CAD366 million ($354.22 million), including assumed debt of approximately CAD30 million ($29.03 million). The transaction implies deal values of $47,745 per boe of daily production, $25.56 per boe of proved reserves and $12.04 per boe of 2P reserves. Scope - Rationale behind Pengrowth acquiring assets from Monterey - Strategic Benefits for the companies involved - Geography covered -Canada Reasons to buy - Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry - Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canadian oil & gas market - Get a detailed analysis of a deal to enable you to take better decisions

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									     Pengrowth Energy Trust To Acquire Remaining 82% Stake In
        Monterey Exploration - Deal Analysis from GlobalData
      Reference Code: GDGE0159M&A                                                                                                                           Publication Date: JUL 2010

                     1         Table of Contents

                     1      Table of Contents............................................................................................. 1
                     1.1       List of Tables .......................................................................................................................................... 2

                     1.2       List of Figures ........................................................................................................................................ 2


                     2      GlobalData Deal Analysis................................................................................ 3
                     2.1       Summary................................................................................................................................................. 3

                     2.2       Deal Overview ........................................................................................................................................ 3


                     3 Pengrowth Energy Trust To Acquire Remaining 82% Stake In Monterey
                     Exploration ............................................................................................................. 3
                     3.1       Deal Overview ........................................................................................................................................ 3

                     3.2       Deal in Brief ............................................................................................................................................ 3

                     3.3       Pengrowth intends to acquire Monterey to significantly establish itself in the Montney Shale ..... 3

                     3.4       Pengrowth focusing on its Value Creation Strategy........................................................................... 5

                     3.5     Pengrowth follows suite of many big players in the industry............................................................ 6
                        3.5.1    Terms of the Agreement (taken from the agreement document)...................................................... 7

                     3.6       Monterey’s Overview ............................................................................................................................. 8

                     3.7       Pengrowth is Acquiring Monterey at a Premium as Compared to Other Recent Transactions ...... 9

                     3.8     Deal Financials and Valuations........................................................................................................... 10
                        3.8.1    Companies Involved....................................................................................................................... 10
                        3.8.2    Deal Financials............................................................................................................................... 10
                        3.8.3    Deal Rationale................................................................................................................................ 10
                        3.8.4    Advisor Information ........................................................................................................................ 11
                        3.8.5    Detailed Target Information............................................................................................................ 11
                        3.8.6    Key Financials:..............................................................................
								
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