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

One-Page Deal Sheet

Range Resources and International Petroleum Form Strategic Merger

Range Resources Limited CEP International Petroleum Ltd.
AnnouncedApr 24, 2013
TypeCorporate
Announced Date
April 24,2013
Close Date
April 24,2013
Transaction Type
Corporate




Snapshot
Location
Region
Austral-Asia

Country
Australia


Transaction Details:  Subscribe to see

Highlights:
• Range proposes to merge with International Petroleum on a ratio of three Range ordinary
shares for every two International Petroleum ordinary shares (3:2 basis) subject to various
conditions, including final due diligence and regulatory approvals;

•Based on Range’s current share price (on the AIM market), this values International
Petroleum at approximately A$105 million;

• International Petroleum holds highly prospective assets in Russia, Kazakhstan, and Niger
with total 3P Reserves of 233 mmbbls of oil and best estimate prospective resources of
761 mmbbls of oil and 157 Bcf of gas;

•…

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