M&A Deal Summary

Santos and TRUenergy Holdings Pty Acquire Eastern Star Gas

On July 18, 2011, Santos and TRUenergy Holdings Pty acquired oil/gas exploration company Eastern Star Gas for 868M AUD

Acquisition Highlights
  • This is Santos’ 3rd and TRUenergy Holdings Pty’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Santos’ 0th and TRUenergy Holdings Pty’s 0th largest (disclosed) transaction.
  • This is Santos’ 2nd and TRUenergy Holdings Pty’s 1st transaction in Australia.

M&A Deal Summary
Date 2011-07-18
Target Eastern Star Gas
Sector Oil/Gas Exploration
Buyer(s) Santos
TRUenergy Holdings Pty
Deal Type Add-on Acquisition
Deal Value 868M AUD

Target

Eastern Star Gas

Sydney, Australia
Eastern Star Gas Ltd. has the largest natural gas reserves position in NSW, with current gross reserves across its permits of 988PJ (2P) and 1,818PJ (3P), and a large inventory of contingent and prospective resources.

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Buyer(S) 2

Buyer

Santos

Adelaide, Australia
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees3,864
Revenue 5.9B USD (2023)
DESCRIPTION

Santos is an oil and gas producer, supplying Australian and Asian customers. With its origins in the Cooper Basin, Santos is one of Australia’s major producers of gas to the domestic market and has the largest exploration and production acreage position in Australia of any company. Santos was founded in 1954 and is based in Adelaide, Australia.

DEAL STATS #
Overall 3 of 6
Sector (Oil/Gas Exploration) 3 of 6
Type (Add-on Acquisition) 3 of 3
Country (Australia) 2 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 Santos TPY

Houston, Texas, United States

Santos TPY Corp. is a provider of oil, gas and consumable Fuels services.

Buy -
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.

Buy -
Buyer

TRUenergy Holdings Pty

Melbourne, Australia
Category Company
Sector Utilities
DESCRIPTION

TRUenergy Holdings engages in power generation and retailing of the gas.It operates as a wholly owned subsidiary of CLP Holdings

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2011) 1 of 1
Mergr

Product

Company

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