Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas
Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas
Sale of part of Bowland interest to Centrica 5
Transaction Details • Centrica will invest up to GBP145mm ($235mm) to acquire a 25% interest in the Bowland license as follows: – Sale by: • AJL of 100% of shares in Lucas Energy (UK) Limited which holds 6.25% direct interest in Bowland license • Cuadrilla of 100% of shares in Bowland Resources Limited which holds 18.75% direct interest in Bowland license – AJL retains a 43.5% effective interest in Bowland license, 18.75% directly and 24.75% via Cuadrilla – At completion, Centrica pays GBP40mm ($65mm), with payments to Cuadrilla of GBP30mm ($49mm) and to AJL of GBP10mm ($16.2mm) – Centrica funds the first GBP60mm ($97mm) of expenditure on Bowland - ie. GBP45mm ($73mm) free carry for AJL/Cuadrilla residual 75% share – Centrica has agreed to make an additional contingent payment to AJL/Cuadrilla of GBP60mm ($97mm) • The contingent payment will become payable depending either on time based milestones or associated with the successful flow-testing of 2 wells 6
- Page 1 and 2: AJ Lucas Group Limited ACN 060 309
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- Page 9 and 10: Summary of options available to you
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- Page 23 and 24: not hold more than 49.99% of Lucas.
- Page 25 and 26: Lucas expects to report a net loss
- Page 27 and 28: About AJ Lucas Group Limited Lucas
- Page 29 and 30: Disclaimer and Important Notice Thi
- Page 31: Overview • Sale of part of Bowlan
- Page 35 and 36: Overview of the Recapitalisation Pl
- Page 37 and 38: Overview of the Recapitalisation Pl
- Page 39 and 40: Forecast Net Debt Position and Use
- Page 41 and 42: Benefits of the Recapitalisation Pl
- Page 43 and 44: Indicative Timetable Event Date Tra
- Page 45 and 46: 2013 Trading Update • Drilling -
- Page 47 and 48: Current Forward Program for Cuadril
- Page 49 and 50: Key Risks Introduction As with all
- Page 51 and 52: Key Risks 1. Specific risks relatin
- Page 53 and 54: Key Risks 2. General risks relating
- Page 55 and 56: Key Risks 2. General risks relating
- Page 57 and 58: Key Risks 2. General risks relating
- Page 59 and 60: Key Risks 2. General risks relating
- Page 61 and 62: Key Risks 2. General risks relating
- Page 63 and 64: Key Risks 2. General risks relating
- Page 65 and 66: Foreign Jurisdictions Hong Kong (co
- Page 67 and 68: Glossary Term Meaning $ Australian
- Page 69 and 70: Offer and also underwritten the sho
- Page 71 and 72: Appendix - Key Dates for the Entitl
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Sale of part of Bowl<strong>and</strong> interest to<br />
Centrica<br />
5
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