RISC Advisory has acted as Independent Technical Specialist in support of the proposed acquisition of Hartshead Resources by ACAM GP.
In support of the acquisition, being undertaken by way of a Scheme of Arrangement, RISC prepared an Independent Technical Specialist Report (ITSR) incorporating a valuation of the company’s UK assets.
Hartshead Resources UK portfolio
- The Seaward Production Licence P2607 project in the Southern North Sea
- Anning gas field
- Somerville gas field
- Appraisal licence
- Southern North Sea: P2678
- Exploration licences
- Southern North Sea: P2669, P2670, P2676, P2679
- East Irish Sea: P2682
RISC Advisory’s report
Our report, included as an attachment to the Independent Expert Report prepared by BDO, formed part of Hartshead’s Scheme Booklet. Our work supported the assessment of the Scheme, including consideration of whether it is in the best interests of Hartshead shareholders.
Independent Technical Specialist Reports for transactions
Transactions of this nature require valuations based on rigorous, independent technical assessments that provide stakeholders with a clear understanding of subsurface risk, development maturity and value drivers. RISC is pleased to have contributed its upstream subsurface exploration, development and commercial expertise in support of this process.
View the ITSR on our public reports page or download the Scheme booklet registered with ASIC here.
Source: Hartshead Resources
