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Jagercor Energy Corp C.JEM

"Gelum Capital Ltd is focused on becoming a diversified upstream oil and gas services company, who focuses on acquiring mature fields in South America and increasing their production efficiently."


CSE:JEM - Post by User

Post by SunCountryon Oct 04, 2017 5:00pm
129 Views
Post# 26777582

Acquisition

AcquisitionRecently JEM acquired 95% of ECP. The transaction was executed in their wholly owned sub JEA. For that the sellers of ECP received 40% of JEA shares, with the pre acquisition JEM shareholders owning 60% of JEA shares. Does that mean pre acquisition JEM shareholders will actually realize 57% [95% of 60%] of any oil production, financial gain, etc produced by ECP? Assuming future acquisition will also be made thru JEA, because JEA is the operating license holder, will the production and financial results produce the same 57% benefit to the pre acquisition JEM shareholders? Thanks in advance for helping me understand.
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