ShaMaran Petroleum Corp V.SNM

WOW=== Spending $155 Million US That they don't have

[nel12]

How can A Tiny company with a M/C of $130 Million Cdn AND 180 MLN $ US in Debt buy something for $155 Million US That they don't have== $335 Million US...WTF           https://ca.finance.yahoo.com/news/transformative-acquisition-totalenergies-affiliate-18-213000207.html

[nel12]

News Release Issued: Jul 12, 2021 (5:30pm EDT) Transformative Acquisition of TotalEnergies' Affiliate with an 18% Interest in Sarsang PSC and New Financings   VANCOUVER, BC, July 12, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) Nasdaq First North Growth Market: SNM) is pleased to announce that it has

[Randian75]

When your name is Lundin you can!

[hikari]

In my opinion this is a very good deal. End of 2020 there were discussions at Total, that they see a value and price of 500 million $ for their share of the HKN operated asset (if my info is correct). Snm pays 155 millions only = good deal for Snm (1st advantage Snm) Total did not wait for the best timing to sell their share of these 2 oil fields (=2nd  advantage Snm)which Total got when they

[Randian75]

Good points. and lets not forget that SNM is dirisked from the 1 asset company perception and should be tevalued accordingly.

[hikari]

 SNM is pleased to announce that a new USD 300 million bond, with 4-year tenor has been priced at 12% fixed semi-annual coupon. I am afraid 4 or 5 % of the 12% is earmarked as danger money for N Irak.

[hikari]

Lundin style: He had the remarkable ability to see into the future. If you look at how he's been successful, it was by going places that other people weren't going," said John Craig, long-time corporate counsel to the Lundins. Mr. Craig said Adolf Lundin personified grace under pressure. No matter how much stress or uncertainty the business faced, the elder Mr. Lundin was always calm

[hikari]

SNM earned another 11.4 million $ for the produced and sold oil in May 2021. https://stockhouse.com/news/press-releases/2021/07/27/shamaran-may-2021-payments-received If the oil price is more or less the same next year it could be 22 million $ for May 2022. I think the 300 million $ bond can be managed, even with the high interest rate caused by  political and geographical risks The

[hikari]

Everything will be fine ShaMaran Reports Record Profits and EBITDAX Over 6 Times Higher Than 2020 ShaMaran Reports Record Profits and EBITDAX Over 6 Times Higher Than 2020 August 10, 2021     VANCOUVER, BC, Aug. 10, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North

[hikari]

HKN/Sarsang interview https://www.rudaw.net/english/interview/21082021