Stake Purchase • Oil/Gas Exploration

Barracuda Invests In Petroleum Prospecting Licence 269

On February 13, 2014, Barracuda invested in oil/gas exploration company Petroleum Prospecting Licence 269 from Kirkland

Investment Context
  • This is Barracuda’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Barracuda’s 1st transaction in Australia.

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Investment Summary

Date February 13, 2014
Target Petroleum Prospecting Licence 269
Sector Oil/Gas Exploration
Investor(s) Barracuda
Sellers(s) Kirkland
Deal Type Stake Purchase

Target Company

Petroleum Prospecting Licence 269

Australia
Petroleum Prospecting Licence 269 comprises petroleum prospecting licence (PPL) 269 spread over an area of 8,995 square kilometers.
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Investor Overview 1

Investor

Barracuda

Port Moresby, Papua New Guinea

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Barracuda Limited offers crude petroleum and natural gas extraction.


Deal Context for Investor #
Overall 2 of 2
Sector: Oil/Gas Exploration 2 of 2
Type: Stake Purchase 2 of 2
Country: Australia 1 of 1
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Petroleum Retention Licence 38

Papua New Guinea

Petroleum Retention Licence 38 comprises comprises nine graticular blocks spread across approximately 765 km2 and includes Pandora gas discoveries which contain approximately 800 BCF of gas.

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Seller Profile 1

SELLER

Kirkland

Papua New Guinea

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Kirkland Limited is based in Papua New Guinea comprises petroleum prospecting licence.


Deal Context for Seller #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Stake Purchase 1 of 1
Country: Australia 1 of 1
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-04 Petroleum Prospecting Licence 269

Australia

Petroleum Prospecting Licence 269 comprises petroleum prospecting licence (PPL) 269 spread over an area of 8,995 square kilometers.

Buy -