Record Point is an independent corporate advisory firm specialising in domestic and international advisory services for public and private companies.

Record Point advises BCPE on A$120 million cross-border takeover

Record Point acted as financial advisor to Thai based BCP Energy International Pte. Ltd (BCPE), a wholly-owned subsidiary of The Bangchak Petroleum Public Company Limited (Bangchak) in connection with the A$120 million recommended off market cash offer for ASX listed NIdo Petroleum Limited (Nido).

Nido is a South East Asian focused oil and gas exploration and production company whose primary focus is in the North West Palawan Basin in the Philippines and the Penyu and West Natuna basins in Indonesia.

The cross-border offer follows BCPE’s agreement to acquire a relevant interest in Nido of approximately 19.66 per cent from Petroleum International Investment Corporation, a major shareholder of Nido.

Bangchak is a leading Thai processing and distribution petroleum company. Bangchak listed on the Stock Exchange of Thailand (SET) in August 1994. As at 28 July 2014, Bangchak’s market capitalisation was Baht 40,619 million: A$1,357 million.  Bangchak is headquartered in Bangkok, Thailand.