One-Page Deal Sheet
CNOC To Acquire Stake In Cooper Basin Operator
CNOOC Limited Exoma Energy Limited
Announced Date
September 11,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
24
Asset/Basin:
{"Galilee Basin","Eromanga Basin"}
TargetZones:
{"Coalbed methane","
Transaction Details: Subscribe to see
China National Offshore Oil Corporation – is set to acquire an interest in Australia’s Exoma Energy for a cumulative amount of A$23.4 million (US$24.2 million). The deal will enable CNOOC to raise its stake in various permits in central Queensland.
Exoma stated that CNOOC is expected acquire a 13% interest with purchase of over 62.1 million shares at A$0.173 each, in which case the total consideration would add up to about A$10.7 million.
Subject to shareholder approval, CNOOC also holds an option to raise its holding in the company up to 19.9% by purchasing additional shares at the same…
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