Oman Resources Secures Convertible Debt For $7.2m from Niche Group: Niche Group Further Increases its Investment in Oman Resources - Deal Analysis From GlobalData
Summary
Oman Resources Limited (Oman Resources) secured convertible debt for gross proceeds of £3.5m ($7.2m). The debt was issued by Niche Group Plc (Niche Group). Under the terms of the agreement, the debt is convertible either at Niche Group’s option or automatically on the occurrence of certain specified events into a further 3.5% of Oman Resources’ share capital rendering Niche Group a total share of 35.7% in Oman Resources. Oman Resources intended to use the proceeds to meet the payment obligation with respect to its farm in agreement on Hatay Block 4394, located in Turkey.
Scope
Reasons to buy
Summary
Oman Resources Limited (Oman Resources) secured convertible debt for gross proceeds of £3.5m ($7.2m). The debt was issued by Niche Group Plc (Niche Group). Under the terms of the agreement, the debt is convertible either at Niche Group’s option or automatically on the occurrence of certain specified events into a further 3.5% of Oman Resources’ share capital rendering Niche Group a total share of 35.7% in Oman Resources. Oman Resources intended to use the proceeds to meet the payment obligation with respect to its farm in agreement on Hatay Block 4394, located in Turkey.
Scope
- Rationale behind Oman Resources securing convertible debt,
- Strategic benefits for the companies involved,
- Geography covered -Europe
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the European oil and gas industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Turkish oil & gas market,
- Get a detailed analysis of a deal to enable you to take informed decisions.
1 TABLE OF CONTENTS
1.1 List of Tables
1.2 List of Figures
2 OMAN RESOURCES SECURES CONVERTIBLE DEBT FOR $7.2M FROM NICHE GROUP
2.1 Deal Overview
2.2 Deal in Brief
2.3 Details of the Deal
2.4 Oman Resources’ Operations are Located in an Attractive Investment Destination for Gas Sector
2.5 Oman Resources has been Raising Funds from Niche Group by Opting for Convertible Loan to Fund its Asset Acquisitions, Exploration Activities and Working Capital Requirements
2.6 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: Total Recoverable Gas Reserves (Billion Standard Cubic Feet): Hatay Block 4396, October 27, 2011
Table 2: Total Recoverable Gas Prospective Resources (Billion Standard Cubic Feet): Hatay Blocks 4394, 4395, 4396, October 27, 2011
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Target Information
Table 6: Acquirer Information
LIST OF FIGURES
Figure 1: Oman Resources, License Map
Figure 2: ARAR, License Portfolio
Figure 3: Turkey, Oman Resources and ARAR Asset Location and Pipeline Infrastructure Map
1.1 List of Tables
1.2 List of Figures
2 OMAN RESOURCES SECURES CONVERTIBLE DEBT FOR $7.2M FROM NICHE GROUP
2.1 Deal Overview
2.2 Deal in Brief
2.3 Details of the Deal
2.4 Oman Resources’ Operations are Located in an Attractive Investment Destination for Gas Sector
2.5 Oman Resources has been Raising Funds from Niche Group by Opting for Convertible Loan to Fund its Asset Acquisitions, Exploration Activities and Working Capital Requirements
2.6 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: Total Recoverable Gas Reserves (Billion Standard Cubic Feet): Hatay Block 4396, October 27, 2011
Table 2: Total Recoverable Gas Prospective Resources (Billion Standard Cubic Feet): Hatay Blocks 4394, 4395, 4396, October 27, 2011
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Target Information
Table 6: Acquirer Information
LIST OF FIGURES
Figure 1: Oman Resources, License Map
Figure 2: ARAR, License Portfolio
Figure 3: Turkey, Oman Resources and ARAR Asset Location and Pipeline Infrastructure Map