Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
United Energy Group ( (HK:0467) ) has issued an announcement.
United Energy Group Limited has announced a supplementary disclosure regarding its acquisition of AIEH I, an oil and gas asset. The valuation of AIEH I was conducted using the discounted cash flow method, which estimated future cash flows based on several assumptions, including 2P reserves, capital and operating expenditures, fiscal terms, Brent oil price forecasts, and a discount rate. The transaction’s purchase price is set at US$150 million, with an additional deferred payment of US$7 million, resulting in an implied valuation of US$5.06 per barrel of oil equivalent. This valuation falls between the first quartile and the average of comparable market transactions, indicating commercial reasonableness. The company’s auditors, RSM Hong Kong, have confirmed the accuracy of the calculations used in the valuation.
More about United Energy Group
United Energy Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the energy sector, focusing on the acquisition and management of oil and gas assets.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22B
For detailed information about 0467 stock, go to TipRanks’ Stock Analysis page.