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One-Page Deal Sheet

Mitsubishi Acquires 40% Equity Interest In Talisman

Mitsubishi Corporation Talisman Energy Inc.
AnnouncedFeb 22, 2012
TypeJV
Announced Date
February 22,2012
Effective Date
January 01,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
280




Snapshot
Asset/Basin:
{"Papuan Foreland Basin"}
Location
Country
Papua New Guinea


Transaction Details:  Subscribe to see

Talisman Energy Inc, and Mitsubishi Corporation have reached agreement on MC's entry into nine of Talisman's licences in Papua New Guinea's onshore Western Province, via a farmout from Talisman effective January 1, 2012, subject to approvals by government and joint venture partners. The deal is valued at approximately US$280 million and will be paid in the form of a capital carry. Following the farmout, Talisman and MC licensed equity positions will average 40% and 20%, respectively, in these nine licences.

Talisman and MC have agreed to work together closely to aggregate natural gas in the…

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