2010-7

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摘要

Terra Energy To Acquire Square Creek Gas Field And Other Assets Of Fortress Energy - Deal Analysis from GlobalData

Summary

Terra Energy Corp, (Terra) entered into a purchase agreement to acquire 100% interest of the Square Creek gas field and all the oil and gas properties of Fortress Energy, Inc. (Fortress) for a purchase consideration of CAD 34.6 million ($33.5 million), of which CAD 25.6 million ($24.78 million) will be paid in cash and the remaining CAD 9 million ($8.71 million) through the issue of 5 million common shares at a price of CAD 1.80 per share ($1.74 per share). The acquisition increases Terra's total current production to around 8,000 boe/d.

The transaction implies deal multiples of $23,103.45 per boe of daily production, $7.79 per boe of proved reserves and $4.79 per boe of 2P reserves.

Scope

- Rationale behind Terra Energy acquiring assets from Fortress Energy
- Strategic Benefits for the companies involved
- Geography covered -Canada

Reasons to buy

- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canadian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions

目录

1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 2
1.2 List of Figures 2
2 GlobalData Deal Analysis 3
2.1 Summary 3
2.2 Deal Overview 3
3 Terra Energy To Acquire Square Creek Gas Field And Other Assets Of Fortress Energy 3
3.1 Deal Overview 3
3.2 Deal in Brief 3
3.3 Terra intends to achieve business synergy by acquiring Square Creek assets from Fortress 3
3.4 Fortress’Overview 5
3.5 Fortress intends to divest its Square Creek assets to repay its debt 7
3.6 Deal Financials and Valuations 8
3.6.1 Companies Involved 8
3.6.2 Deal Financials 8
3.6.3 Deal Rationale 8
3.6.4 Detailed Target Information 8
3.6.5 Production and Reserves Information 9
3.6.6 Transaction Implied Values 9
3.6.7 Commodity Prices Information 9
3.6.8 Detailed Acquirer Information 10
3.6.9 Detailed Vendor Information 10
4 Appendix 11
4.1 About Energy eTrack 11
4.2 Methodology 11
4.2.1 Coverage 11
4.2.2 Secondary Research 12
4.2.3 Primary Research 12
4.2.4 Expert Panel Validation 12
4.3 Contact Us 13
4.4 Disclaimer 13

1.1 List of Tables
Table 1: Terra, Asset Acquisition Details 5
Table 2: Companies Involved 8
Table 3: Financials of the Deal 8
Table 4: Target Information 8
Table 5: Target’s Production and Reserves Information 9
Table 6: Company Valuation Multiples 9
Table 7: Commodity Prices in $, Last Close 9
Table 8: Acquirer Information 10
Table 9: Vendor Information 10

1.2 List of Figures
Figure 1: Terra, Operations Map, 2010 4
Figure 2: Fortress, Operations Map, 2010 6
Figure 3: Fortress, Square Creek, Operations Map, 2010 7
Figure 4: GlobalData Methodology 11