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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

ROC Oil, Horizon to Combine; Create Asia Pacific-Focused E&P

Horizon Oil Ltd. Roc Oil
AnnouncedApr 29, 2014
TypeCorporate
LocationNew Zealand Shale,China Shale
Announced Date
April 29,2014
Transaction Type
Corporate




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Location
Region
Asia

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Roc Oil Company Limited and Horizon Oil Limited have entered into a Merger Implementation Deed (MID) under which they have agreed to merge via a Horizon Scheme of Arrangement.

The transaction will bring together two highly complementary E&P companies to form a single Asian E&P company.

Horizon shareholders will receive 0.724 ROC shares for each Horizon share they hold, being the exchange ratio implied by the 10 day VWAP of Horizon and ROC shares ending on 23 April 2014, the last day on which Horizon and ROC shares were traded prior to the announcement of the Merger.

Following completion of…



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