ShaMaran Petroleum Corp. (V:SNM)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 2000-885 Georgia St W VANCOUVER BC V6C 3E8 |
| Tel: | 1-604-8063575 |
| Website: | https://www.shamaranpetroleum.com |
| IR: | See website |
| Key People | ||
| Chris Bruijnzeels Chairman of the Board | Adel Chaouch President, Chief Executive Officer, Director | Alex Lengyel Corporate Secretary, Chief Commercial Officer |
| Business Overview |
| ShaMaran Petroleum Corp. is a Canada-based independent oil development and exploration company. The Company is engaged in the business of oil and gas exploration and development and holds an interest in the Atrush Block production sharing contract (Atrush PSC) related to a petroleum property located in the Kurdistan Region of Iraq (Kurdistan). It operates in the exploration and development of oil and gas assets. The Atrush Block is located in the Kurdistan Region of Iraq, approximately 85 kilometers northwest of Erbil, the capital of Kurdistan. The Atrush Block is 269 square kilometers in area and has oil proven in Jurassic fractured carbonates in the Chiya Khere structure. The Company's subsidiaries include General Exploration Partners, Inc., ShaMaran Services S.A., Bayou Bend Petroleum U.S.A. Ltd, and 0781756 B.C. Ltd. |
| Financial Overview |
| For the six months ended 30 June 2022, ShaMaran Petroleum Corp revenues increased 83% to $83.7M. Net income increased from $9.3M to $36.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest on deposits increase from $10K to $494K (income), Prov for decommi fund & envir oblig increase from $183K to $567K (income). |
| Employees: | 9 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $514.42M as of Jun 30, 2022 |
| Annual revenue (TTM): | $181.50M as of Jun 30, 2022 |
| EBITDA (TTM): | $131.82M as of Jun 30, 2022 |
| Net annual income (TTM): | $52.22M as of Jun 30, 2022 |
| Free cash flow (TTM): | $113.79M as of Jun 30, 2022 |
| Net Debt Last Fiscal Year: | $238.29M as of Jun 30, 2022 |
| Shares outstanding: | 2,795,772,072 as of Jun 30, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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