Execution of PKN ORLEN 2013-2017 Strategy in upstream segment Signing Arrangement Agreement with TriOil Resources Ltd. Warsaw, September 16th, 2013
Executive summary: Transaction ORLEN Upstream signed an arrangement agreement that initiates an acquisition of 100% shares of TriOil Resources Ltd., a Canadian company listed on Toronto Stock Exchange. Offered price per share…
Executive summary: Transaction overview Process Target company selected based on a number of analyses performed Due diligence and valuation process supported by renowned advisors ORLENs offer positively evaluated and recommended by…
Executive summary: Strategic rationale Attractive assets Steadily growing, Toronto-listed company with an experienced management team in place Portfolio of producing assets in a mature and technologically advanced market Light oil…
Overview of the process and the transaction 6
Competence improvement within PKN ORLEN enables to accelerate development of the upstream segment and mitigates a risk for the acquisition of TriOil PKN ORLEN M&A market screening process 2009-2013 North America Europe Poland CIS…
Canada is one of the most attractive markets for E&P investments Canada is one of the most politically stable countries in the world Public finance moderate deficit and public debt, low and stable inflation Oil reserves 4th…
an acquisition on a stable Canadian market provides secure conditions and is a perfect fit for the low risk profile highlighted in PKN ORLENs strategy Potential E&P Risk mitigating factors for the transaction specific risk areas…
Key assets are concentrated in the petroleum systems of Pouce Coupe, Kaybob, Lochend in Alberta Pouce Coupe Montney License area: 112.0 km2 gross Resources - good quality gas with a low content of H2S The high degree of geological…
TriOil is a perspective and dynamically growing company, which operates in a stable and attractive Canadian market Operations Financing 179 gross producing wells as of June Stable financing bank indebtness of 2013* CAD 49.7 mln…
Experienced team of experts and access to the local market of E&P pool of resources TriOil: key executives President, CEO Business strategy and execution, M&A Experience: 30 years transactions, corporate finance, hydrocarbons risk…
Thank you 13
www.orlen.pl For more information on PKN ORLEN, please contact the Investor Relations Department: telephone: + 48 24 256 81 80 fax: + 48 24 367 77 11 e-mail: irorlen.pl 14
Loading...
