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 | Elvis Pellumbi Chief Financial Officer | 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 nine months ended 30 September 2022, ShaMaran Petroleum Corp revenues increased 65% to $123.5M. Net income increased from $9.3M to $102.7M. 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 $14K to $1.9M (income), Legal, accounting and audit fees decrease of 51% to $690K (expense). |
| Employees: | 9 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $583.73M as of Sep 30, 2022 |
| Annual revenue (TTM): | $200.87M as of Sep 30, 2022 |
| EBITDA (TTM): | $155.62M as of Sep 30, 2022 |
| Net annual income (TTM): | $142.06M as of Sep 30, 2022 |
| Free cash flow (TTM): | $131.54M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $275.14M as of Sep 30, 2022 |
| Shares outstanding: | 2,808,850,904 as of Dec 30, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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