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M&A Deal Summary

Falkland Oil & Gas Acquires Desire Petroleum

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2013-12-05
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

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(S) 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 STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 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.

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