Miro Advisors

NEWLY formed investment-banking player Miro Advisors has named former deputy prime minister John Anderson as a member of a new advisory panel to help it win international business.

WITH some experienced campaigners suggesting the current mergers and acquisitions market is the worst they have ever seen, there is plenty of finger pointing to overly exuberant deals of the past few years as the reason for reluctance in the current environment.

IT might not be the busiest of times in Western Australia’s corporate advisory scene, but that has not stopped positive moves by several firms – albeit without much fanfare – that have included the opening of new offices by Deutsche Bank and Credit Suisse.

Competition in the state’s investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.

Warnick joins Miro Advisors

FEATURE: The writing was on the wall, and has been for more than a decade. Royal Dutch Shell’s divestment of most of its 23 per cent stake in Woodside Petroleum last week surprised few in the business community.

Nido Petroleum directors have unanimously recommended off market takeover bid by BCP Energy International, subsidiary of Thai oil refinery Bangchak, for 5.5 cents per share.

BCP Energy International has altered its conditions in its takeover of Nido Petroleum, making the offer nearly unconditional upon 50.1 per cent acceptance.

BCP Energy International has successfully reached its revised target of 50.1 per cent relevant interest in its takeover of Nido Petroleum, and has made the offer unconditional.

The specialist corporate adviser has carved a niche, honing in on the international oil and gas and mining industry.

Miro Advisors has been selected by oil and gas explorer New Standard Energy to manage the farm-out of its Western Australian exploration acreage, continuing four years of rapid growth for the Perth advisory firm, as detailed in this week's edition of Business News.

Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.

Perth-based oil and gas company Tap Oil has launched a strategic review process that includes the possible sale of the business, after one of its substantial shareholders proposed a board shake-up.

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Specialist oil and gas advisory firm Miro Advisors is planning to wind down its operations, a little more than six years after managing director Tim Woodall opened the business.

FirmAppointee/Solicitor

Six months after shutting down specialist oil and gas advisory firm Miro Advisers, Tim Woodall has joined the board of Melbourne-based explorer and producer FAR as a non-executive director.