Draft - Private and confidential Merger of Beach and Drillsearch Positioning for future growth through a logical combination 23 October 2015
Draft - Private and confidential Merger benefits Creating the leading ASX-listed oil and gas mid-cap Primed to pursue growth opportunities Significant benefits for both sets of shareholders Synergies from two complementary…
Draft - Private and confidential Transaction summary Merger to be implemented via a Drillsearch scheme of arrangement Structure Drillsearch shareholders will receive 1.25 Beach shares for each Drillsearch share held Values…
Draft - Private and confidential Pro-forma combined entity Strong balance sheet to support future growth Combined market capitalisation in excess of 1.1 billion1 Combined FY2016 production guidance of 10.6 11.8 MMboe Drillsearch…
Draft - Private and confidential Integration plans Ensuring a seamless transition Recruitment process for a Beach CEO well underway Priority for the Beach Board, in consultation with Drillsearch Merger Integration Group formed and…
Draft - Private and confidential Compelling premium for Drillsearch shareholders Consideration of 1.25 Beach shares for each Drillsearch share held 27% 25% 30% 21% A0.83 A0.82 A0.82 A0.655 A0.65 A0.70 A0.63 A0.58 Last…
Draft - Private and confidential Shareholders of both companies to benefit Benefits to Drillsearch shareholders Benefits to Beach shareholders Compelling premium whilst retaining Potential to be earnings accretive exposure to…
Draft - Private and confidential Leading ASX mid-cap oil and gas company Enhanced scale with capacity to pursue organic and inorganic growth options Potential for improved liquidity, possible market re-rating and dividend potential…
Draft - Private and confidential Oil production from the Cooper and Eromanga basins Consolidates position as Australias largest onshore oil producer 8.0 7.2 7.0 FY2015 Oil Production (MMbbl) 6.0 5.0 4.5 4.0 3.0 3.0 2.7 2.0 1.4 1.0 0.4…
Draft - Private and confidential Targeting synergies and operating efficiencies Pre-tax synergies of 20 million per annum within two years1 Blending the best talent from both companies 1 Operational Optimisation of technical and…
Draft - Private and confidential Cooper Basin at the core for both companies Combined interests in permits covering 69,000 km2 11
Draft - Private and confidential Strong logic for combination Potential to generate greater efficiencies in the Cooper Basin More than 90% of Drillsearchs FY2015 production in joint venture with Beach Combines key interests in:…
Draft - Private and confidential Premier Western Flank oil position Major share of production from the Cooper Basins key oil producing region The combined group will have: Exposure to all material oil producing areas in the…
Draft - Private and confidential Substantial gas business Combining ownership of gas infrastructure with an enhanced exploration portfolio Broad position in major gas fields Interests in Santos-operated joint ventures with ownership…
Draft - Private and confidential Leveraged to East Coast gas market opportunity Combines Beachs gas infrastructure with Drillsearchs growing wet gas business East coast gas demand forecast 2014 2020 (PJ)1 Transaction brings…
Draft - Private and confidential High-grading the gas exploration portfolio Measured approach to capital spend and prioritisation of activities across the portfolio Wet Gas Consolidate ownership of ex PEL 1061 and leverage…
Draft - Private and confidential Two companies aligned on strategy Cooper Basin core provides platform to consider the emerging opportunity set created by the weakness in oil prices Cooper Basin East coast gas core market…
Draft - Private and confidential Merger benefits Creating the leading ASX-listed oil and gas mid-cap Primed to pursue growth opportunities Creating a business based on expertise and a track record of growth Balance sheet strength…
Loading...
