Merger • Oil/Gas Exploration

Falkland Oil & Gas Acquires Desire Petroleum

On December 5, 2013, Falkland Oil & Gas acquired oil/gas exploration company Desire Petroleum for 61M GBP

Acquisition Context

This is Falkland Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
This is Falkland Oil & Gas’ 0th largest (disclosed) transaction.
This is Falkland Oil & Gas’ 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	December 5, 2013
Target	Desire Petroleum
Sector	Oil/Gas Exploration
Buyer(s)	Falkland Oil & Gas
Deal Type	Merger
Deal Value	61M GBP
Advisor(s)	FirstEnergy Capital Corp. (Financial)

Target Company

Desire Petroleum

Malvern, United Kingdom

Desire Petroleum PLC is a provider of oil and gas exploration services of its licenses in the North Falkland Basin.

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Buyer Overview 1

Buyer

Falkland Oil & Gas

London, United Kingdom

Category	Company
Founded	2004
Sector	Oil/Gas Exploration

DESCRIPTION

Falkland Oil & Gas Ltd. is an oil and gas exploration company with extensive licenses offshore the Falkland Islands. Falkland Oil & Gas was founded in 2004 and is based in London, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Merger	1 of 1
Country: United Kingdom	1 of 1
Year: 2013	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2007-10-02	Exploration Assets - Falkland Oil & Gas London, United Kingdom Exploration Assets - Falkland Oil & Gas Ltd. are 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2007-10-02

Exploration Assets - Falkland Oil & Gas

London, United Kingdom

Exploration Assets - Falkland Oil & Gas Ltd. are 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic.

Sell

Explore Related M&A Activity

Oil/Gas Exploration M&A - Merger M&A Deals - United Kingdom M&A - 2013 M&A