ShaMaran Petroleum Corp. (V:SNM)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2000-885 Georgia St W VANCOUVER BC V6C 3E8 |
| Tel: | N/A |
| Website: | https://www.shamaranpetroleum.com |
| IR: | See website |
| Key People | ||
| Chris Bruijnzeels Chairman of the Board | Garrett Soden President, Chief Executive Officer, Director | Elvis Pellumbi Chief Financial Officer | Alex C. Lengyel Corporate Secretary, Chief Commercial Officer |
| Business Overview |
| ShaMaran Petroleum Corp. is a Canada-based independent oil and gas company with production from two adjacent blocks in the Kurdistan region of Iraq. The Company is engaged in the business of oil and gas exploration and development and holds interests in production sharing contracts: 27.6% participating interest in the Atrush Block, in the Kurdistan Region of Iraq (KRI), through its wholly owned subsidiary General Exploration Partners, Inc. (GEP) and 18% participating interest (22.5% paying interest) in the Sarsang Block, in the Kurdistan Region of Iraq, through its wholly owned subsidiary ShaMaran Sarsang A/S. The Company is also focused on developing the considerable reserve and production upside potential of its projects. |
| Financial Overview |
| For the six months ended 30 June 2023, ShaMaran Petroleum Corp revenues decreased 40% to $49.9M. Net loss totaled $17.6M vs. income of $36.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Credit loss provision increase from $2.5M to $13M (expense), Interest/amortization charges on bonds increase of 15% to $19.7M (expense). |
| Employees: | 10 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $419.09M as of Jun 30, 2023 |
| Annual revenue (TTM): | $192.87M as of Jun 30, 2023 |
| EBITDA (TTM): | $112.35M as of Jun 30, 2023 |
| Net annual income (TTM): | $82.47M as of Jun 30, 2023 |
| Free cash flow (TTM): | $22.50M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | $327.10M as of Jun 30, 2023 |
| Shares outstanding: | 2,824,362,157 as of Jun 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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