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M&A Deal Summary

Drillsearch Energy Acquires Acer Energy

On December 3, 2012, Drillsearch Energy acquired oil/gas exploration company Acer Energy

Acquisition Highlights
  • This is Drillsearch Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Drillsearch Energy’s 1st transaction in Australia.

M&A Deal Summary
Date 2012-12-03
Target Acer Energy
Sector Oil/Gas Exploration
Buyer(s) Drillsearch Energy
Deal Type Add-on Acquisition

Target

Acer Energy

Brisbane, Australia
Acer Energy Ltd. provides energy services engages in the identification, exploration, and development of oil and gas properties.

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Buyer(S) 1

Buyer

Drillsearch Energy

Sydney, Australia
Category Company
Founded 1985
Sector Oil/Gas Exploration
Revenue 251M AUD (2015)
DESCRIPTION

Drillsearch Energy, Ltd. is an oil and gas explorer and producer focused on the highly-prospective Cooper-Eromanga Basin. Drillsearch Energy was formed in 1985 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 PEL 570 Mudlalee Project

Australia

PEL 570 is as an oil and gas project covers approximately 2400 square kilometers located in Cooper basin in the South Australia.

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