Incremental Petroleum

Successful Defence of A$104m Hostile Takeover by Cooper Energy

November 2008

Incremental Petroleum is a Western Australian based oil & gas development and production company with assets in Turkey and the USA. On 8 September 2008, Cooper Energy announced a hostile takeover bid for Incremental Petroleum. In October a competing all cash offer was announced from TransAtlantic Petroleum, a Canadian listed oil and gas company. Azure acted as Incremental Petroleum’s defence adviser on all aspects of the Cooper’s bid.