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Announced

Completed

DNO completed the acquisition of Mondoil Enterprises from RAK Petroleum for $117m.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Cross Border

Completed

gas exploration

Côte d'Ivoire

Friendly

Integrated Oil and Gas

Single Bidder

Majority

Synopsis

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DNO, a Norwegian oil and gas operator, completed the acquisition of Mondoil Enterprises, a firm that owns 33.33% indirect interest in privately-held Foxtrot International, from RAK Petroleum, an oil and gas investment company, for $117m. “As DNO targets expansion beyond the Kurdistan region of Iraq and the North Sea, the move into Côte d'Ivoire is an important first step into a highly prospective region offering a broad set of growth opportunities through acquisition of producing fields, development assets and exploration licenses," Bjørn Dale, DNO Managing Director.

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