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Investment Summary

Barracuda and Talisman Energy Niugini Invest In Petroleum Retention Licence 38

On November 11, 2013, Barracuda and Talisman Energy Niugini invested in oil/gas exploration company Petroleum Retention Licence 38

Investment Highlights
  • This is Barracuda’s 1st and Talisman Energy Niugini’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Barracuda’s 1st and Talisman Energy Niugini’s 1st transaction in Papua New Guinea.

Investment Summary
Date 2013-11-11
Target Petroleum Retention Licence 38
Sector Oil/Gas Exploration
Investor(s) Barracuda
Talisman Energy Niugini
Deal Type Stake Purchase

Target

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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Investor(S) 2

Investor

Barracuda

Port Moresby, Papua New Guinea
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Barracuda Limited offers crude petroleum and natural gas extraction.

DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 2
Country: Papua New Guinea M&A 1 of 1
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 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

Talisman Energy Niugini

Australia
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Talisman Energy Niugini Limited operates gas field in Papua New Guinea.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Papua New Guinea M&A 1 of 1
Year: 2013 M&A 1 of 1
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