Add-on Acquisition • Oil/Gas Exploration

Perenti Acquires DDH1 Drilling

On June 26, 2023, Perenti acquired oil/gas exploration company DDH1 Drilling for 400M AUD

Acquisition Context

This is Perenti’s 1st transaction in the Oil/Gas Exploration sector.
This is Perenti’s largest (disclosed) transaction.
This is Perenti’s 1st transaction in Australia.

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M&A Deal Summary
Date	June 26, 2023
Target	DDH1 Drilling
Sector	Oil/Gas Exploration
Buyer(s)	Perenti
Deal Type	Add-on Acquisition
Deal Value	400M AUD

Target Company

DDH1 Drilling

Canning Vale, Australia

DDH1 Drilling is a provider of deep directional mineral drilling services used to identify and extend resources, reserves, mining plans and mining industry. The Company designs complex drilling programs delivered by highly skilled rig operators and has a strong history of satisfying customer requirements. DDH1 Drilling was founded in 2006 and is based in Canning Vale, Australia.

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Buyer Overview 1

Buyer

Perenti

Northbridge, Australia

Category	Company
Founded	1986
Sector	Metals/Mining
Employees	10,290
Revenue	3.5B AUD (2025)

DESCRIPTION

Perenti is a mining services company, that offers exploration, contract mining (both surface and underground), and various support services across four continents. Perenti was founded in 1986 and is based in Northbridge, Australia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Australia	1 of 1
Year: 2023	1 of 1
Size (of disclosed)	1 of 1

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