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Finance / Kenya

Ophir Bolsters East Africa Position With Dominion Takeover

October 2011 | Corporate Financing Analysis

Ophir is paying a steep premium of 62% for Dominion Petroleum. Nevertheless, we see the takeover as a very positive first step following Ophir's July IPO. Dominion's frontier East Africa-focused portfolio bolsters Ophir's deepwater presence and makes the company one of the region's largest acreage holders.

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