BHP Billiton is making an all-cash offer to acquire Petrohawk Energy Corporation for approximately $15.1 billion including debt. The offer price of $38.75 per share represents a 49.5% premium to Petrohawk's stock price prior to the announcement. The acquisition would add over 1 million net acres and 35 trillion cubic feet of natural gas resources to BHP Billiton's portfolio. BHP Billiton expects the transaction to close in the third quarter of 2011 pending regulatory approvals and a majority of Petrohawk shareholders tendering their shares.
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
The document summarizes a proposed transaction where Keppel Pegasus Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, will acquire 100% of Singapore Press Holdings excl. media ("SPH") via a scheme of arrangement. Key terms include Keppel Pegasus offering S$0.668 cash per SPH share and 0.596 Keppel REIT units per SPH share, for a total offer value of approximately S$2.2 billion. SPH will also distribute 0.782 SPH REIT units per share to its shareholders. The transaction is subject to regulatory approvals and SPH divesting its media business.
Mountainview Energy (TSX.V - MVW) Corporate Presentation Viral Network Inc
Mountainview Energy Ltd. is a Montana based company actively engaged in the exploration, production and development of oil and gas properties in eastern Montana and western North Dakota to develop the Bakken and Three Forks Shale project. Also, the Company is actively engaged in the South Alberta Bakken play in North Central Montana, east of the Northern Rocky Mountain Front. The common shares of Mountainview Energy Ltd. trade on the TSX Venture Exhange under the symbol MVW.
The PowerPoint presentation used at the annual analyst/investor day held at Marathon Petroleum HQ in Findlay, OH on Dec 3, 2015. The information in the slide deck of most interest to us is the section on midstream, detailing the newly combined operation of Marathon and MarkWest Energy Partners.
- The document provides an overview of Ur-Energy Inc., a uranium exploration and development company.
- Ur-Energy is developing its Lost Creek project in Wyoming, with first production forecast for Q3 2013, and has signed an agreement to acquire Pathfinder Mines Corporation which holds its next potential production center.
- The company has secured project financing and long-term uranium sales agreements to support development of the Lost Creek project while reducing exposure to volatile market prices.
bp reported its fourth quarter and full year 2020 financial results. Key points include:
- Underlying replacement cost loss of $100 million for Q4 2020 and $5.7 billion for full year 2020.
- Net debt of $38.9 billion as of December 31, 2020, down from $51.4 billion a year earlier.
- Capital expenditure was reduced by around 40% in 2020 compared to 2019 and is expected to be around $13 billion in 2021.
- Cash costs were reduced by 12% in 2020 and further reductions are expected through 2023.
bp reported strong third quarter 2021 results with underlying replacement cost profit of $5.9 billion, up from $4.7 billion in the previous quarter. Operating cash flow was $6 billion including a $1.8 billion working capital build. bp executed a $1.25 billion share buyback from first half surplus cash flow and announced an additional buyback. The results were driven by higher oil and gas prices and strong performances across all segments.
Rick Jensen - Policy & Regulatory Experience in British Columbia.Naturgas
1. Nexen has significant shale gas acreage and experience in northeastern British Columbia, Canada, where it has identified large contingent and prospective shale gas resources through drilling and coring wells.
2. Nexen's shale gas wells in the region have been successfully fracked, with strong initial production rates and long-term takeaway capacity secured. Breakeven costs are dropping as Nexen reduces drilling and completion costs and improves productivity.
3. Nexen continues to establish itself as an industry leader through technological improvements such as setting records for the number of hydraulic fracturing stages completed per day.
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
The document summarizes a proposed transaction where Keppel Pegasus Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, will acquire 100% of Singapore Press Holdings excl. media ("SPH") via a scheme of arrangement. Key terms include Keppel Pegasus offering S$0.668 cash per SPH share and 0.596 Keppel REIT units per SPH share, for a total offer value of approximately S$2.2 billion. SPH will also distribute 0.782 SPH REIT units per share to its shareholders. The transaction is subject to regulatory approvals and SPH divesting its media business.
Mountainview Energy (TSX.V - MVW) Corporate Presentation Viral Network Inc
Mountainview Energy Ltd. is a Montana based company actively engaged in the exploration, production and development of oil and gas properties in eastern Montana and western North Dakota to develop the Bakken and Three Forks Shale project. Also, the Company is actively engaged in the South Alberta Bakken play in North Central Montana, east of the Northern Rocky Mountain Front. The common shares of Mountainview Energy Ltd. trade on the TSX Venture Exhange under the symbol MVW.
The PowerPoint presentation used at the annual analyst/investor day held at Marathon Petroleum HQ in Findlay, OH on Dec 3, 2015. The information in the slide deck of most interest to us is the section on midstream, detailing the newly combined operation of Marathon and MarkWest Energy Partners.
- The document provides an overview of Ur-Energy Inc., a uranium exploration and development company.
- Ur-Energy is developing its Lost Creek project in Wyoming, with first production forecast for Q3 2013, and has signed an agreement to acquire Pathfinder Mines Corporation which holds its next potential production center.
- The company has secured project financing and long-term uranium sales agreements to support development of the Lost Creek project while reducing exposure to volatile market prices.
bp reported its fourth quarter and full year 2020 financial results. Key points include:
- Underlying replacement cost loss of $100 million for Q4 2020 and $5.7 billion for full year 2020.
- Net debt of $38.9 billion as of December 31, 2020, down from $51.4 billion a year earlier.
- Capital expenditure was reduced by around 40% in 2020 compared to 2019 and is expected to be around $13 billion in 2021.
- Cash costs were reduced by 12% in 2020 and further reductions are expected through 2023.
bp reported strong third quarter 2021 results with underlying replacement cost profit of $5.9 billion, up from $4.7 billion in the previous quarter. Operating cash flow was $6 billion including a $1.8 billion working capital build. bp executed a $1.25 billion share buyback from first half surplus cash flow and announced an additional buyback. The results were driven by higher oil and gas prices and strong performances across all segments.
Rick Jensen - Policy & Regulatory Experience in British Columbia.Naturgas
1. Nexen has significant shale gas acreage and experience in northeastern British Columbia, Canada, where it has identified large contingent and prospective shale gas resources through drilling and coring wells.
2. Nexen's shale gas wells in the region have been successfully fracked, with strong initial production rates and long-term takeaway capacity secured. Breakeven costs are dropping as Nexen reduces drilling and completion costs and improves productivity.
3. Nexen continues to establish itself as an industry leader through technological improvements such as setting records for the number of hydraulic fracturing stages completed per day.
The document provides details on Curtiss-Wright's 1Q 2018 earnings conference call, including financial results, business outlook, and guidance. Key points:
- 1Q 2018 diluted EPS increased 35% to $0.98 due to higher sales and profitability in commercial/industrial and defense segments.
- Net sales grew 5% overall with strong demand in aerospace and naval defense. Operating margin expanded 270 basis points to 11.8%.
- Full-year 2018 guidance was raised, expecting higher sales, operating income, margins and EPS, driven by improved outlook across all end markets. However, the Dresser-Rand acquisition reduces some metrics due to first-year purchase accounting costs.
Mountainview Energy Ltd. provides a forward-looking statement advisory for potential investors. The document outlines risks and uncertainties inherent in forward-looking estimates regarding Mountainview's business strategy, development plans, production levels, capital expenditures, and financial performance. It cautions readers that actual results may differ materially from estimates and projections due to risks beyond Mountainview's control.
Mountainview Energy Ltd. is announcing a private placement offering of up to 2,250,000 units at a price of $0.90 per unit, for potential gross proceeds of up to $2,000,000. The funds will be used for capital expenditures including drilling, completions, and infrastructure development on its oil and gas properties in North Dakota and Montana. Mountainview currently has production of approximately 150 barrels of oil equivalent per day and owns interests in multiple oil and gas fields and drilling prospects across the Williston Basin.
Teekay Tankers reported weak financial results in Q2 2021 due to persistently low spot tanker rates. However, the company signed contracts to refinance higher-cost debt on eight vessels, which is expected to save $11 million in interest per year. While tanker markets remain weak in the near term, key indicators like rising oil demand, falling inventories, and increasing OPEC+ supply point to a recovery starting in the coming quarters. Teekay Tankers has a strong financial position with $274 million in pro forma liquidity to withstand current market conditions.
The document discusses the challenges US companies face in transitioning from GAAP accounting standards to IFRS standards. It notes that the SEC has advocated for a single set of global accounting standards and has proposed a timeline for US public companies to adopt IFRS by 2016. The transition will require significant resources and affect many departments within a company. Hiring experienced contract staff who specialize in IFRS can help companies implement IFRS in a cost-effective way while minimizing disruptions to operations.
Teekay Corporation reported its second quarter 2021 earnings. Key highlights included:
- Reversing a $33 million asset retirement obligation associated with the Banff FPSO, reducing remaining FPSO exposure.
- Teekay LNG reported $57 million in adjusted net income for the quarter despite higher drydocking. Rates for LNG shipping remain strong.
- Teekay Tankers reported a loss due to weak tanker spot rates and expired contracts, but sees signs of a market recovery.
- Teekay Corporation's sum-of-the-parts valuation leaves upside given its interests in Teekay LNG and Teekay Tankers trading at a discount to estimated net asset value.
The document outlines Danang Suryo Wardhono's background and experience in industrial engineering, business administration, and as the head of a large security printing company and restaurant owner. It then describes the structure and content of 1-day and 2-day strategic management and financial training courses. The remainder of the document discusses BP's strategic report, including its business model, strategy to transition to gas and low-carbon energy, financial framework, key performance indicators, and risk management approach.
Ur-Energy's June 2020 Corporate PresentationUr-Energy
- The document is a presentation by Ur-Energy discussing its uranium mining operations and the uranium market.
- It summarizes Ur-Energy's consistent production at its Lost Creek facility in Wyoming and low-cost operations, as well as its flexible sales agreements that have provided strong profit margins.
- It also discusses positive developments for the uranium industry, including recommendations from the U.S. Nuclear Fuel Working Group to establish a national uranium reserve which could support ramping up of Ur-Energy's production.
Teekay LNG Partners reported second quarter 2021 earnings. Adjusted net income was $57.0 million, or $0.57 per unit, down slightly from the previous quarter due to more scheduled drydockings. The partnership's liquefied natural gas fleet is substantially fixed, with 98% of capacity booked for the remainder of 2021 and 89% for 2022. Strong LNG shipping fundamentals are expected to continue into 2022, supported by firm gas prices and growing global LNG demand and trade.
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeckResourcesLtd
Teck released its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open.
The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend on a listen-only basis.
The document discusses National Fuel Gas Company's assets and operations across its Exploration & Production, Midstream, and Downstream segments. It highlights the company's:
- 2.3 Tcfe of proved reserves and 785,000 net acres in the Marcellus Shale
- $267 million in annual adjusted EBITDA across its balanced portfolio
- Strong balance sheet and $1.36 billion in liquidity as of June 30, 2016
- Opportunities for significant growth through its Appalachian acreage position and coordinated infrastructure build-out
This document provides information about EOG Resources Inc. (EOG), including its stock symbol, common dividend amount, number of common shares outstanding, and investor relations contacts. It also contains legal disclaimers about forward-looking statements and non-GAAP financial measures, as well as brief statements about EOG being a U.S. leader in return on capital employed and oil growth, having among the lowest costs of production globally, and being committed to safety and the environment.
Ur-Energy's January 2021 Corporate PresentationUr-Energy
- The document discusses Ur-Energy's uranium production operations at Lost Creek, Wyoming and provides forward-looking projections. It notes that Lost Creek has consistently produced for 7 years while maintaining low-costs.
- Global uranium production has been reduced in recent years due to mine closures and cutbacks. This has tightened supply while demand is projected to increase.
- The U.S. government is taking steps to support domestic uranium production through the nuclear fuel working group's recommendations and establishing a national uranium reserve, aimed at reducing foreign dependency on uranium imports.
- Ur-Energy has significantly expanded resources at Lost Creek over several years and sees potential to further increase production as market conditions warrant.
This document provides information about EOG Resources, Inc. It includes EOG's stock symbol and dividend, shares outstanding, website and investor relations contacts. It also contains cautionary statements regarding forward-looking statements and assumptions of risk. The document notes that EOG is shifting capital to premium locations that generate over 30% returns even at $40/barrel oil. It also discusses growing premium well inventory, increasing capital productivity, and maintaining a strong balance sheet while focusing on returns.
This document provides information about EOG Resources, Inc. (EOG), an oil and gas exploration and production company. It includes EOG's stock symbol, dividend, shares outstanding, and investor relations contacts. The document also contains cautionary statements about forward-looking estimates and non-GAAP financial measures. Additionally, it summarizes EOG's strategy of focusing on premium wells that offer high rates of return even at low oil prices, and outlines EOG's plan to deliver double-digit oil production growth in 2017 through its premium drilling strategy.
Bladex reported improved 2Q21 profit and portfolio growth propelled by Latin America's economic recovery. The bank's commercial portfolio grew 5% quarterly and 22% yearly to over $6 billion due to higher disbursements in commodity-related industries. Asset quality remained sound with non-performing loans at 0.2% of total loans. Bladex also increased its portfolio of Latin American securities by 72% quarterly to complement loan growth. Quarterly results highlighted the bank's consistent growth and asset quality.
Denbury Resources reported financial and operational results for the third quarter of 2016. Some key points:
- Total debt principal was reduced by $562 million year-to-date through open market debt purchases, debt exchanges, and a reduction in the bank credit facility balance.
- Adjusted net income was $1 million for the third quarter, compared to $29 million in the previous quarter.
- Average realized oil prices per barrel were $42.12 for the third quarter when including commodity derivative settlements, compared to $52.61 in the previous quarter.
- Total injected CO2 volumes averaged 459 million cubic feet per day for the third quarter, a 35% reduction from the previous quarter due
Ur-Energy's October 2020 Corporate PresentationUr-Energy
- The document discusses Ur-Energy's operations at its Lost Creek ISR uranium facility, which has consistently produced around 2.7 million pounds of U3O8 over seven years of production.
- It notes reductions in global uranium production in recent years from major producers like Cameco and Kazatomprom, leaving North America with effectively no uranium production.
- The US government is taking actions to support domestic uranium production through direct purchases for a national uranium reserve and other policies recommended in the Nuclear Fuel Working Group report.
Working Together as a Leadership Team in a Downturn - part 1WorkforceNEXT
This document summarizes a presentation about managing a downturn in the oil and gas industry. It discusses how increased U.S. production led to oversupply and lower prices. Companies have responded by cutting capital expenditures by 46% on average and reducing rig counts and staffing. The presentation outlines Continental Resources' specific actions, including reducing its 2015 capex budget by 41% and prioritizing high-return projects to maintain growth while lowering costs. HR and operations are working closely to navigate the downturn through efficiency gains and workforce adjustments.
The document discusses the Greater Chickadee Crude Oil Gathering Project, which will involve building approximately 150 miles of pipelines and central tank batteries in the Permian Basin to gather and deliver crude oil from dedicated acreage. The project represents an expansion of the company's integrated crude oil platform in one of the top oil and gas producing regions. It is expected to begin partial service in late 2016 and full service in early 2017, supported by long-term agreements with major Permian producers for over 35,000 dedicated acres currently producing more than 10,000 barrels per day.
Petrohawk is entering a renewed phase of high growth in production, reserves, and cash flow. It has world class assets in the Eagle Ford, Haynesville, Permian, and other areas. In 2011, Petrohawk plans to spend $2.85 billion on drilling and completions, with a focus on liquids-rich areas like the Eagle Ford and Permian basins. Recent asset sales have provided over $1 billion in proceeds to fund its development program while maintaining a strong financial position.
This document presents information on mergers and acquisitions (M&A) through a slideshow presentation. It discusses the history of M&A in India, defines mergers and acquisitions, compares the differences between them, and outlines the objectives, benefits, types, examples, process, strategies, and problems associated with M&A. It also provides details on the recent merger between Tech Mahindra and Satyam, including analysis and outlook. In conclusion, it states that the success of an M&A depends on the planning and strategies of the acquiring company.
The document provides details on Curtiss-Wright's 1Q 2018 earnings conference call, including financial results, business outlook, and guidance. Key points:
- 1Q 2018 diluted EPS increased 35% to $0.98 due to higher sales and profitability in commercial/industrial and defense segments.
- Net sales grew 5% overall with strong demand in aerospace and naval defense. Operating margin expanded 270 basis points to 11.8%.
- Full-year 2018 guidance was raised, expecting higher sales, operating income, margins and EPS, driven by improved outlook across all end markets. However, the Dresser-Rand acquisition reduces some metrics due to first-year purchase accounting costs.
Mountainview Energy Ltd. provides a forward-looking statement advisory for potential investors. The document outlines risks and uncertainties inherent in forward-looking estimates regarding Mountainview's business strategy, development plans, production levels, capital expenditures, and financial performance. It cautions readers that actual results may differ materially from estimates and projections due to risks beyond Mountainview's control.
Mountainview Energy Ltd. is announcing a private placement offering of up to 2,250,000 units at a price of $0.90 per unit, for potential gross proceeds of up to $2,000,000. The funds will be used for capital expenditures including drilling, completions, and infrastructure development on its oil and gas properties in North Dakota and Montana. Mountainview currently has production of approximately 150 barrels of oil equivalent per day and owns interests in multiple oil and gas fields and drilling prospects across the Williston Basin.
Teekay Tankers reported weak financial results in Q2 2021 due to persistently low spot tanker rates. However, the company signed contracts to refinance higher-cost debt on eight vessels, which is expected to save $11 million in interest per year. While tanker markets remain weak in the near term, key indicators like rising oil demand, falling inventories, and increasing OPEC+ supply point to a recovery starting in the coming quarters. Teekay Tankers has a strong financial position with $274 million in pro forma liquidity to withstand current market conditions.
The document discusses the challenges US companies face in transitioning from GAAP accounting standards to IFRS standards. It notes that the SEC has advocated for a single set of global accounting standards and has proposed a timeline for US public companies to adopt IFRS by 2016. The transition will require significant resources and affect many departments within a company. Hiring experienced contract staff who specialize in IFRS can help companies implement IFRS in a cost-effective way while minimizing disruptions to operations.
Teekay Corporation reported its second quarter 2021 earnings. Key highlights included:
- Reversing a $33 million asset retirement obligation associated with the Banff FPSO, reducing remaining FPSO exposure.
- Teekay LNG reported $57 million in adjusted net income for the quarter despite higher drydocking. Rates for LNG shipping remain strong.
- Teekay Tankers reported a loss due to weak tanker spot rates and expired contracts, but sees signs of a market recovery.
- Teekay Corporation's sum-of-the-parts valuation leaves upside given its interests in Teekay LNG and Teekay Tankers trading at a discount to estimated net asset value.
The document outlines Danang Suryo Wardhono's background and experience in industrial engineering, business administration, and as the head of a large security printing company and restaurant owner. It then describes the structure and content of 1-day and 2-day strategic management and financial training courses. The remainder of the document discusses BP's strategic report, including its business model, strategy to transition to gas and low-carbon energy, financial framework, key performance indicators, and risk management approach.
Ur-Energy's June 2020 Corporate PresentationUr-Energy
- The document is a presentation by Ur-Energy discussing its uranium mining operations and the uranium market.
- It summarizes Ur-Energy's consistent production at its Lost Creek facility in Wyoming and low-cost operations, as well as its flexible sales agreements that have provided strong profit margins.
- It also discusses positive developments for the uranium industry, including recommendations from the U.S. Nuclear Fuel Working Group to establish a national uranium reserve which could support ramping up of Ur-Energy's production.
Teekay LNG Partners reported second quarter 2021 earnings. Adjusted net income was $57.0 million, or $0.57 per unit, down slightly from the previous quarter due to more scheduled drydockings. The partnership's liquefied natural gas fleet is substantially fixed, with 98% of capacity booked for the remainder of 2021 and 89% for 2022. Strong LNG shipping fundamentals are expected to continue into 2022, supported by firm gas prices and growing global LNG demand and trade.
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeckResourcesLtd
Teck released its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open.
The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend on a listen-only basis.
The document discusses National Fuel Gas Company's assets and operations across its Exploration & Production, Midstream, and Downstream segments. It highlights the company's:
- 2.3 Tcfe of proved reserves and 785,000 net acres in the Marcellus Shale
- $267 million in annual adjusted EBITDA across its balanced portfolio
- Strong balance sheet and $1.36 billion in liquidity as of June 30, 2016
- Opportunities for significant growth through its Appalachian acreage position and coordinated infrastructure build-out
This document provides information about EOG Resources Inc. (EOG), including its stock symbol, common dividend amount, number of common shares outstanding, and investor relations contacts. It also contains legal disclaimers about forward-looking statements and non-GAAP financial measures, as well as brief statements about EOG being a U.S. leader in return on capital employed and oil growth, having among the lowest costs of production globally, and being committed to safety and the environment.
Ur-Energy's January 2021 Corporate PresentationUr-Energy
- The document discusses Ur-Energy's uranium production operations at Lost Creek, Wyoming and provides forward-looking projections. It notes that Lost Creek has consistently produced for 7 years while maintaining low-costs.
- Global uranium production has been reduced in recent years due to mine closures and cutbacks. This has tightened supply while demand is projected to increase.
- The U.S. government is taking steps to support domestic uranium production through the nuclear fuel working group's recommendations and establishing a national uranium reserve, aimed at reducing foreign dependency on uranium imports.
- Ur-Energy has significantly expanded resources at Lost Creek over several years and sees potential to further increase production as market conditions warrant.
This document provides information about EOG Resources, Inc. It includes EOG's stock symbol and dividend, shares outstanding, website and investor relations contacts. It also contains cautionary statements regarding forward-looking statements and assumptions of risk. The document notes that EOG is shifting capital to premium locations that generate over 30% returns even at $40/barrel oil. It also discusses growing premium well inventory, increasing capital productivity, and maintaining a strong balance sheet while focusing on returns.
This document provides information about EOG Resources, Inc. (EOG), an oil and gas exploration and production company. It includes EOG's stock symbol, dividend, shares outstanding, and investor relations contacts. The document also contains cautionary statements about forward-looking estimates and non-GAAP financial measures. Additionally, it summarizes EOG's strategy of focusing on premium wells that offer high rates of return even at low oil prices, and outlines EOG's plan to deliver double-digit oil production growth in 2017 through its premium drilling strategy.
Bladex reported improved 2Q21 profit and portfolio growth propelled by Latin America's economic recovery. The bank's commercial portfolio grew 5% quarterly and 22% yearly to over $6 billion due to higher disbursements in commodity-related industries. Asset quality remained sound with non-performing loans at 0.2% of total loans. Bladex also increased its portfolio of Latin American securities by 72% quarterly to complement loan growth. Quarterly results highlighted the bank's consistent growth and asset quality.
Denbury Resources reported financial and operational results for the third quarter of 2016. Some key points:
- Total debt principal was reduced by $562 million year-to-date through open market debt purchases, debt exchanges, and a reduction in the bank credit facility balance.
- Adjusted net income was $1 million for the third quarter, compared to $29 million in the previous quarter.
- Average realized oil prices per barrel were $42.12 for the third quarter when including commodity derivative settlements, compared to $52.61 in the previous quarter.
- Total injected CO2 volumes averaged 459 million cubic feet per day for the third quarter, a 35% reduction from the previous quarter due
Ur-Energy's October 2020 Corporate PresentationUr-Energy
- The document discusses Ur-Energy's operations at its Lost Creek ISR uranium facility, which has consistently produced around 2.7 million pounds of U3O8 over seven years of production.
- It notes reductions in global uranium production in recent years from major producers like Cameco and Kazatomprom, leaving North America with effectively no uranium production.
- The US government is taking actions to support domestic uranium production through direct purchases for a national uranium reserve and other policies recommended in the Nuclear Fuel Working Group report.
Working Together as a Leadership Team in a Downturn - part 1WorkforceNEXT
This document summarizes a presentation about managing a downturn in the oil and gas industry. It discusses how increased U.S. production led to oversupply and lower prices. Companies have responded by cutting capital expenditures by 46% on average and reducing rig counts and staffing. The presentation outlines Continental Resources' specific actions, including reducing its 2015 capex budget by 41% and prioritizing high-return projects to maintain growth while lowering costs. HR and operations are working closely to navigate the downturn through efficiency gains and workforce adjustments.
The document discusses the Greater Chickadee Crude Oil Gathering Project, which will involve building approximately 150 miles of pipelines and central tank batteries in the Permian Basin to gather and deliver crude oil from dedicated acreage. The project represents an expansion of the company's integrated crude oil platform in one of the top oil and gas producing regions. It is expected to begin partial service in late 2016 and full service in early 2017, supported by long-term agreements with major Permian producers for over 35,000 dedicated acres currently producing more than 10,000 barrels per day.
Petrohawk is entering a renewed phase of high growth in production, reserves, and cash flow. It has world class assets in the Eagle Ford, Haynesville, Permian, and other areas. In 2011, Petrohawk plans to spend $2.85 billion on drilling and completions, with a focus on liquids-rich areas like the Eagle Ford and Permian basins. Recent asset sales have provided over $1 billion in proceeds to fund its development program while maintaining a strong financial position.
This document presents information on mergers and acquisitions (M&A) through a slideshow presentation. It discusses the history of M&A in India, defines mergers and acquisitions, compares the differences between them, and outlines the objectives, benefits, types, examples, process, strategies, and problems associated with M&A. It also provides details on the recent merger between Tech Mahindra and Satyam, including analysis and outlook. In conclusion, it states that the success of an M&A depends on the planning and strategies of the acquiring company.
A merger occurs when one company purchases another company of a similar size, transferring ownership and control to form a single new company. Companies usually merge when they feel they can accomplish more together than separately. There are three main types of mergers: horizontal, vertical, and conglomerate. Mergers can take place through purchasing assets, purchasing common shares, exchanging shares for assets, or exchanging shares for shares. Reasons for mergers include increasing market share, achieving economies of scale, diversifying risk, and pursuing future goals or expansion of business.
This document is Micron Technology's annual report (Form 10-K) filed with the SEC for the fiscal year ending September 2, 2004. It provides an overview of Micron's business including its primary products (DRAM, Flash memory, CMOS image sensors), manufacturing processes, transition to smaller line widths, and financial results. It also discusses trends, risks, and uncertainties facing the company.
Acquisition of tumi announcement presentation (2016 03-04)Arzish Baaquie
Samsonite announced the acquisition of Tumi for $1.8 billion in cash. Tumi is a leading global brand in premium business bags and luggage. The acquisition will create the world's largest travel lifestyle company by combining Samsonite's existing business with Tumi's complementary and premium product portfolio. The transaction is expected to generate significant synergies through efficiencies in operations, sourcing, and distribution. It will enhance Samsonite's expertise in product design and expand its presence in the premium and business travel segments. The deal is subject to shareholder and regulatory approvals and is expected to close in the second half of 2016.
The oil industry of Pakistan began in 1887 with the first exploratory well drilled near Kundal, Punjab. The first oil discovery was in 1915 at Khaur, Punjab. Currently, Pakistan produces 68,670 barrels of oil per day but consumes 345,000 barrels daily. Several international and national companies operate in Pakistan's upstream and downstream oil and gas sectors, including BP, ENI, OMV, MOL, BHP Billiton, OGDCL, PPL, and Mari Gas Company. Major service companies active in Pakistan include Schlumberger, Weatherford, Halliburton, and Baker Hughes.
Nach einem eher verhaltenen Jahr 2013 nahmen 2014 M&A-Transaktionen in der Öl- und Gasindustrie deutlich zu. Angesichts des weiter sinkenden Ölpreises und der Entscheidung der OPEC gegen eine Drosselung der Fördermengen werden 2015 noch intensivere M&A-Aktivitäten in der gesamten Wertschöpfungskette stattfinden. Diese strategischen Deals sind für die Unternehmen wichtig, um Wertzuwächse zu erzielen, sich für kommende Marktturbulenzen zu rüsten und die Wettbewerbslandschaft zu ihren Gunsten zu formen.
Silat Seni Gayong merupakan seni bela diri khas Melayu yang berakar umbi dari zaman kerajaan Srivijaya dan Majapahit di Indonesia. Ia kemudiannya diperkenalkan di Semenanjung Melayu melalui Melaka sebelum menjadi kesenian rakyat. Silat ini tersebar luas di Nusantara melalui bangsawan Bugis untuk melawan penjajahan Portugis. Silat Seni Gayong kemudiannya diasaskan oleh Mahaguru Dato' Meor
Born on 17th of January, Hideki Frazier is based in La Habra, CA. He offers martial arts classes to local community centers and also helps the underprivileged kids, donates to local elementary schools and provides free self-defense classes for women and local teachers.
This document is a birthday message from a big sister to her little sister Rampaige for her 18th birthday. It lists the top 5 reasons the sister loves Rampaige, including that she is badass, has attitude, is talented, is a goof, and is gorgeous. It also mentions that Rampaige's teeth glow and shares her birthday horoscope about being a networker who thrives on challenges. The sister signs off by telling Rampaige not to ever change and that she loves her for her 18th birthday.
Este documento presenta una guía sobre el uso de pronombres personales y posesivos en inglés. Explica que en inglés no existe la forma "usted", sino que se usa la misma forma para "tú" y "usted". Luego lista los pronombres personales en función de sujeto y objeto con ejemplos. Finalmente, explica los pronombres posesivos en función de determinante y pronombre con ejemplos.
This document provides information about researching health topics related to Latinos, including identifying relevant databases such as Medline and CINAHL. It discusses developing search strategies using keywords, Boolean operators, and truncation. The document also emphasizes consulting with librarian Susan Luévano for help with the research process.
Statoil 2011 positioned for long term growthderrick_anitha
Statoil expects to increase its production from 1.9 million barrels of oil equivalents per day in 2010 to above 2.5 million barrels per day by 2020 through a portfolio of projects. This represents a compound annual growth rate of around 3% over the next decade. A series of project waves will help boost production, including new discoveries in Brazil and Norway. Statoil also plans to establish positions in 3-5 additional offshore regions and increase its shale gas and liquids production globally by 2020 to continue delivering strong shareholder returns through long term growth.
This is a project proposal presentation for my English 30 (English for the Professions) class, showcasing the present condition of the University of the Philippines Main Library, and highlighting 5 points for improvement of the library's facilities and services.
Este documento es un resumen de 3 oraciones o menos del siguiente texto:
El documento trata sobre un instituto superior pedagógico llamado "Ciudad de San Gabriel" y contiene información sobre un bloque 6 y una estudiante de segundo nivel llamada Gabriela Montenegro durante el periodo 2010-2011.
El documento proporciona una guía sobre los pronombres personales en inglés. Explica las formas para el sujeto (I, you, he, she, it, we, you, they) y el objeto (me, you, him, her, it, us, you, them). También cubre los pronombres posesivos (my, your, his, her, its, our, your, their) y la forma neutra de "it".
This document outlines the research basics and process taught by Susan Luévano, a librarian at California State University, Long Beach. It discusses selecting a topic, developing search strategies using keywords, Boolean operators and truncation. It also covers selecting appropriate databases like Academic Search Complete and Ethnic NewsWatch to search. The document provides guidance on evaluating resources, applying information, and properly citing sources. Students are encouraged to ask for research help from the librarian or attend research paper clinics.
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
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Acquisition ppt
1. All cash offer for Petrohawk
Adding to BHP Billiton’s Tier 1, growth portfolio
Marius Kloppers
Chief Executive Officer, BHP Billiton
J. Michael Yeager
Chief Executive, BHP Billiton Petroleum
Floyd C. Wilson
Chairman and CEO, Petrohawk Energy Corporation
15 July 2011
2. Disclaimer
The tender offer described in this presentation (the “Offer”) has not yet commenced, and this presentation is neither an offer to purchase nor a solicitation of an offer to sell any
shares of the common stock of Petrohawk Energy Corporation (“Petrohawk”) or any other securities. On the commencement date of the Offer, a tender offer statement on
Schedule TO, including an offer to purchase, a letter of transmittal and related documents, will be filed with the United States Securities and Exchange Commission (the “SEC”).
The offer to purchase shares of Petrohawk common stock will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed with such
Schedule TO. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION
STATEMENT REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. The tender offer statement will be filed with the SEC by North America Holdings II Inc., BHP Billiton Petroleum (North America) Inc., and BHP Billiton
Limited, and the solicitation/recommendation statement will be filed with the SEC by Petrohawk. Investors and security holders may obtain a free copy of these statements (when
available) and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to MacKenzie Partners, Inc. at (212) 929-
5500 or toll-free at (800) 322-2885.
Cautionary Statement Regarding Forward-Looking Statements
This presentation may contain, in addition to historical information, certain forward-looking statements regarding future events, conditions, circumstances or the future financial
performance of BHP Billiton Limited and their affiliates, including North America Holdings II Inc. and BHP Billiton Petroleum (North America) Inc. (collectively, the “BHP Billiton
Group”), Petrohawk or the enlarged BHP Billiton Group following completion of the Offer, the merger and other related transactions (the “Transactions”). Often, but not always,
forward-looking statements can be identified by the use of words such as “plans,” “expects,” “expected,” “scheduled,” “estimates,” “intends,” “anticipates” or “believes,” or variations
of such words and phrases or state that certain actions, events, conditions, circumstances or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. Such
forward-looking statements are not guarantees or predictions of future performance, and are subject to known and unknown risks, uncertainties and other factors, many of which
are beyond our control, that could cause actual results, performance or achievements of any member of the BHP Billiton Group or the enlarged BHP Billiton Group following
completion of the Transactions to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and
uncertainties include: (i) the risk that not all conditions of the Offer or the merger will be satisfied or waived, (ii) beliefs and assumptions relating to available borrowing capacity and
capital resources generally, (iii) expectations regarding environmental matters, including costs of compliance and the impact of potential regulations or changes to current
regulations to which Petrohawk or any member of the BHP Billiton Group is or could become subject, (iv) beliefs about oil and gas reserves, (v) anticipated liquidity in the markets
in which Petrohawk or any member of the BHP Billiton Group transacts, including the extent to which such liquidity could be affected by poor economic and financial market
conditions or new regulations and any resulting impacts on financial institutions and other current and potential counterparties, (vi) beliefs and assumptions about market
competition and the behavior of other participants in the oil and gas exploration, development or production industries, (vii) the effectiveness of Petrohawk’s or any member of the
BHP Billiton Group’s strategies to capture opportunities presented by changes in prices and to manage its exposure to price volatility, (viii) beliefs and assumptions about weather
and general economic conditions, (ix) beliefs regarding the U.S. economy, its trajectory and its impacts, as well as the stock price of each of Petrohawk and BHP Billiton Ltd., (x)
projected operating or financial results, including anticipated cash flows from operations, revenues and profitability, (xi) expectations regarding Petrohawk’s or any member of the
BHP Billiton Group’s revolver capacity, credit facility compliance, collateral demands, capital expenditures, interest expense and other payments, (xii) Petrohawk’s or any member
of the BHP Billiton Group’s ability to efficiently operate its assets so as to maximize its revenue generating opportunities and operating margins, (xiii) beliefs about the outcome of
legal, regulatory, administrative and legislative matters, (xiv) expectations and estimates regarding capital and maintenance expenditures and its associated costs and (xv)
uncertainties associated with any aspect of the Transactions, including uncertainties relating to the anticipated timing of filings and approvals relating to the Transactions, the
outcome of legal proceedings that may be instituted against Petrohawk and/or others relating to the Transactions, the expected timing of completion of the Transactions, the
satisfaction of the conditions to the consummation of the Transactions and the ability to complete the Transactions. Many of these risks and uncertainties relate to factors that are
beyond the BHP Billiton Group’s ability to control or estimate precisely, and any or all of the BHP Billiton Group’s forward-looking statements may turn out to be wrong. The BHP
Billiton Group cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this presentation. The BHP Billiton Group disclaims any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events, conditions, circumstances or otherwise, except as required by applicable law.
Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of any member of the BHP Billiton Group, Petrohawk or the
enlarged BHP Billiton Group following completion of the Offer, the merger and other related transactions unless otherwise stated.
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 2
3. Adding to BHP Billiton’s Tier 1, growth
portfolio
All cash, recommended offer for 100% of Petrohawk Energy Corporation
Further underpins our objective to be represented across the full energy product
offering as the world’s energy mix evolves
Leverages diverse experience across both the energy and minerals industries and is
consistent with our upstream strategy
A substantial cash premium recognises the value of Petrohawk’s growth opportunities
Financed with existing cash resources and a new credit facility
We will maintain our solid A credit rating and progressive dividend policy
EPS accretive in the first full year of consolidation
Targeted transaction close in the third quarter of calendar year 2011
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 3
4. BHP Billiton is a natural owner of large,
long-life, high margin shale assets
Shales are entering a new stage of the development cycle
Industry restructuring will unlock significant future value
Ultimate success requires a sustainable approach to growth
An excellent strategic fit for BHP Billiton
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 4
6. Substantial premium recognises the value of
Petrohawk’s growth opportunities
Total enterprise value of approximately US$15.1 billion including approximately US$3.0
billion of assumed net debt(1)
Agreed price of US$38.75 per share
‒ 49.5% premium to the 30-trading day prior price(2)
‒ Petrohawk’s Board of Directors has approved the transaction and unanimously
recommended that stockholders tender their shares
1,000,000 net acres(3), estimated 2011 net production of 950 MMcfe/d (158 Mboe/d)
and 35 Tcfe total risked resource base
US$0.39 per Mcfe for total risked resources(4)
(1) Debt as at 30 June 2011 of approximately US$3.8 billion less approximately US$800 million proceeds from sale of
midstream assets; does not include penalties associated with the early retirement of Petrohawk’s debt facilities.
(2) Based on a share price of US$25.92, as at close on 1 June 2011.
(3) Includes 325,000 net acres in the Permian.
(4) Excludes Midstream and Permian assets.
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 6
7. Targeting close third quarter 2011
Targeted closing in the third quarter of 2011 EVENT
EXPECTED
DATE
Tender offer to commence by 25 July, open for a
Sign Merger
minimum of 20 business days Agreement
14 July
Closing is subject to required regulatory Commence
By 25 July
approvals, the tender of at least a majority of Tender Offer
Petrohawk’s common shares, and certain other
customary conditions and provisions Close Third Quarter
Transaction of 2011
Following completion of the tender offer, a
“second step” merger to acquire 100% of
Petrohawk’s outstanding common shares
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 7
10. Strong market fundamentals
The US gas market is the largest in US natural gas demand(1)
(Bcf/d)
the world 100 Power Non Power
An interconnected pipeline system 80
60
allows for the efficient delivery of gas
throughout the country 40
20
Demand continues to grow, led by 0
the power sector 2005 2010 2015 2020 2025 2030
Shale gas has fundamentally altered US natural gas supply(1)
(Bcf/d)
the supply mix and is forecast to be
100
Conventional Imports Tight Gas & CBM Shale Gas
~50% of total US production by 2030
80
Natural gas is a preferred fuel in a 60 Shale Gas
low carbon world 40
20
0
2005 2010 2015 2020 2025 2030
(1) Source: WoodMackenzie
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 10
11. Petrohawk – a proven growth profile
Headquartered in Houston with
approximately 650 employees
Concentrated portfolio of high quality
assets in Texas and Louisiana
Approximately one million net acres,
with estimated 2011 net production Liquids area
of 950 MMcfe/d (158 Mboe/d) Dry gas area
Proved reserves of approximately
3.4 Tcfe, from a total risked resource Strong production growth Large resource base
base of approximately 35 Tcfe (Mboe/d, net) (TCF, risked, net)
200 40 Proved Reserves
Strong production growth, with the 150 Non Proved Resource
30
vast majority of resources still to be Potential
100 20
developed and produced
50 10
Liquids-rich Permian Basin highly 0 0
2011E
2006
2007
2008
2009
2010
prospective Haynesville Eagle Total
Ford
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 11
12. Haynesville & Lower Bossier
Two shale gas reservoirs occupying
the same geographic space at
different depths
Strong position in the core of the play
‒ Estimated 345,000 net risked acres
‒ Largest acreage holder in highest
productivity, core area of the play
Estimated 2011 net production of
Acreage outside productive area not part of net risked acres
approximately 650 MMcf/d
Quality acreage position Haynesville production
Sections with EURs > 8 Bcf (MMcf/d, net)
Risked resource base of 200 800
Petrohawk
approximately 22 Tcf 150 600
100 400
Direct access to an extensive gas
50 200
pipeline network with ample capacity
0 0
to support production growth Other Companies 2009 2010 2011E
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 12
13. Eagle Ford
Liquids rich shale play with significant
scale and superior returns
De-risked but still early in the
development cycle
Excellent acreage position
‒ Estimated 332,000 net acres
‒ Black Hawk performance and
economics superior to all other
operators and regions in the play(1) Eagle Ford production
(MMcfe/d, net)
‒ Hawkville ~50% acreage with liquids 250
Estimated 2011 net production of 200
approximately 210 MMcfe/d 150
(35 Mboe/d) 100
Risked resource base of approximately 50
0
13.5 Tcfe 2009 2010 2011E
(1) Source: Investment Technology Group (ITG), 24 June 2011 Report.
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 13
14. Permian
New liquids-rich core shale area
recently acquired by Petrohawk
‒ Estimated 325,000 net acres
West Texas
‒ Primarily oil Permian North Midland
Basin
‒ Significant portions de-risked
‒ 90% operated
Delaware
South Midland
‒ Highly scalable Basin
Basin
‒ Very positive early results
Value risked as prospective acreage,
with significant upside potential
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 14
15. Committed to sustainable development
The technology used in shale development is safe when coupled with sound
operating practices; and it continues to improve
Regulations continue to evolve at the federal and state levels, with ongoing
initiatives seeking to protect the environment, while continuing to support shale
development
BHP Billiton fully supports greater transparency and disclosure, and has joined more
than 20 other companies to voluntarily disclose the chemical additives used in the
hydraulic fracturing process
BHP Billiton remains committed to environmental responsibility wherever it operates
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 15
16. Strong returns and significant development
potential
Long life, expandable nature of Offshore Shale
shale perfectly complements our Oil and Gas
existing portfolio and strategic
Geologic risk Yes No
capability in the deep water
Time to first
5+ years Months
Individual shale wells can provide production
strong financial returns on a
Payback Years Months
stand-alone basis, with payback
typically under one year
Flexibility Limited Significant
We are well positioned to leverage Expandability Limited Substantial
our strengths in drilling and project
management
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 16
17. BHP Billiton will unlock full potential
Petrohawk’s announced 2011 capital Acceleration of Petrohawk’s development spend
(US$ millions, net, real)
budget is US$2.85 billion
7,000
BHP Billiton’s strong balance sheet and
6,000
financial flexibility expected to unlock
full potential: 5,000
‒ Significant increase in capital spend
4,000
‒ Simultaneous development of the
3,000
Eagle Ford, the Haynesville, and
possibly the Permian
2,000
‒ Acceleration of production volumes
1,000
‒ Long term investment though the
business cycle 0
2011 Petrohawk FY15 FY20
announced capex
Range of anticipated,
accelerated development
spend
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 17
18. Substantial volume growth ahead
Petroleum expected to become a Long term production growth
(Mboe/d, net)
one million barrel per day business
2,000
within 5 years
Sustained volume growth expected
1,500
through the rest of the decade, in
combination with existing pipeline of
growth projects: 1,000
‒ Fayetteville ramp-up
‒ Deepwater Gulf of Mexico 500
‒ LNG projects in Western Australia
0
FY11 FY15 FY20
BHP Billiton BHP Billiton Petroleum
Petroleum post-acquisition
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 18
19. A significant resource acquisition
Petrohawk acquisition more than Combined net risked resources
(MMboe) 5.9 Billion 11.3 Billion
doubles Petroleum’s existing 12,000 Proved Reserves BOE BOE
resource base and increases proved Non-Proved Resource
Potential
reserves by approximately 30%
1.7 Billion
6,000 BOE
3.7 Billion
In a single year BHP Billiton BOE
Petroleum’s resource base will grow
by more than 300% to 11 billion 0
barrels of oil equivalent Petroleum Fayetteville Petrohawk Combined
30 June 2010 Acquisition Resources
BHP Billiton Petroleum becomes Independent upstream oil and gas companies by resources(1)
(Billions of barrels oil equivalent)
one of the 10 largest independent 20
upstream oil and gas companies in Chesapeake, BG, BHP Billiton Petroleum
Devon, Anadarko
the world based on total resources
10 Marathon, Hess,
Woodside
0
(1) Source: WoodMackenzie Post-Acquisition Pre-Acquisition
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 19
20. A compelling premium for Tier 1 assets
and strong organisational capability
All cash offer of US$38.75 per share, Compelling premium
(US$ per share)
implying a total equity value of Offer price: US$38.75 per share
40
approximately US$12.1 billion
49.5% 41.2%
61.9% Average
30
Provides value certainty and immediate
$32.37
liquidity to Petrohawk shareholders at a 20
compelling premium
$25.92 $27.45
‒ 49.5% to 30-trading day prior
$23.93
price(1) 10
‒ 41.2% to 52-week high(2)
0
Share Price on 30-Trading Day 52-Week High Range of
Well above average analyst target price 13 July 2011 Prior Price (Intraday) Analyst Target
Prices(3)
of US$32.37 per share
(1) Based on a share price of US$25.92, as at close on 1 June 2011
(2) 52-week intraday high of US$27.45, which occurred on 1 June 2011
(3) Based on the average of 27 current broker target prices as of 13 July 2011
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 20
21. Organisational capability
Organisational capability has been the
driving force behind Petrohawk’s success
‒ Entrepreneurial spirit – pioneer at the
Haynesville and Eagle Ford shales
‒ Excellent operating performance and
strong functional support teams
We are committed to maintaining this
capability and all Petrohawk employees will
be encouraged to continue employment at
BHP Billiton
‒ Employee retention program underway
‒ Transition will be phased to ensure a
safe and effective integration, with
minimal business disruption
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 21
22. Deal summary
Excellent strategic fit, fully consistent with our Tier 1 strategy
Complements our recent Fayetteville shale acquisition and adds to portfolio diversity
Significant increase in resources with sustained production growth ahead
Plays to our strengths in drilling, project management and safe operations
Employee retention program in place
Targeted transaction close expected in third quarter 2011
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 22
24. Adding to BHP Billiton’s Tier 1, growth
portfolio
Substantial premium represents a unique opportunity for Petrohawk shareholders
and recognises the growth opportunities in its portfolio
The world will continue to adjust and adapt its energy mix. As a customer focused
organisation, we need to meet our customer’s changing energy needs
BHP Billiton is a natural owner of these large, long life, high margin shale assets
We can competitively fund accelerated investment in growth
Our commitment to sustainable development and technical innovation will be equally
important as the industry matures over the decades to come
People are core to the success of our company and we look forward to working with
and welcoming Petrohawk’s highly skilled employees into BHP Billiton
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 24
25. Reserves disclaimer
The SEC permits oil and gas companies to disclose only proved, probable or possible reserves that a company has
demonstrated by actual production or conclusive formation tests to be economically and legally producible under
existing economic and operating conditions. BHP Billiton uses the term “non-proved resources base” in this
presentation to refer to reserves other than proved, probable or possible reserves, which the SEC's guidelines strictly
prohibit us from including in filings with the SEC, except in connection with an acquisition. This term includes estimates
which are not yet classified as proved, probable or possible reserves. These estimates are by their nature more
speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially
greater risk of being actually realized. Non-proved resources base refers to internal estimates of hydrocarbon quantities
that may be potentially discovered through exploratory drilling or recovered with additional drilling or recovery
techniques and have not been reviewed by independent engineers and do not constitute reserves within the meaning of
the Society of Petroleum Engineer's Petroleum Resource Management System and does not include proved reserves.
Actual quantities that may be ultimately recovered from these properties will differ substantially. Factors affecting
ultimate recovery include the scope of the ongoing drilling program, which will be directly affected by the availability of
capital, drilling and production costs, availability of drilling services and equipment, drilling results, lease expirations,
transportation constraints, regulatory approvals and other factors; and actual drilling results, including geological and
mechanical factors affecting recovery rates. Estimates of the non-proved resources base may change significantly as
development provides additional data.
BHP Billiton, All Cash Offer for Petrohawk, 15 July 2011 Slide 25