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Re: Talc Moan post# 2312

Monday, 01/06/2020 6:08:30 PM

Monday, January 06, 2020 6:08:30 PM

Post# of 2595
Assets are promising. DWOG paid also a cash dividend 2013 and there is a good looking company with large holding, Maurel Prom (https://www.maureletprom.fr/en/) this company was acquired by a major player, Pertamina. So yes, something good could happen, but currently not in production. DD about the major player below:

The holding: https://fintel.io/i13d/mp-west-canada
2017-02-28 SC 13D DWOG / Deep Well Oil & Gas, Inc. 45,111,778

https://en.wikipedia.org/wiki/Pertamina

Revenue $36.5 billion (2016)
Operating income $8.5 billion (2016)
Net income $5.0 billion (2016)[
Total assets $47.2 billion (2016)
Total equity $22.1 billion (2016)
Number of employees 27,318 (2016)

https://fintel.io/doc/sec/869495/000112329217000524/ptpertamina13d-02132017.htm

Item 3.
Source and Amount of Funds or Other Consideration

On February 1, 2017, PT Pertamina indirectly acquired MP West Canada as a result of the successful completion of its voluntary tender offer for all the outstanding securities, that it did not already own, of M&P. M&P is the direct beneficial owner of all of the outstanding share capital of MP West Canada. As a result of the tender offer, PT Pertamina, through Pertamina Internasional, has acquired a majority of the outstanding shares of M&P. Among the assets of MP West Canada that were acquired by PT Pertamina were 45,111,778 shares of Common Stock of the Issuer.
As a result of the successful completion of the tender offer, PT Pertamina became the indirect beneficial owner of 45,111,778 shares of the Issuer's Common Stock, which continue to be held of record and beneficially owned by MP West Canada. Other than the consideration paid in the tender offer to the former shareholders of M&P, no additional consideration was paid by PT Pertamina for the Issuer's shares of Common Stock.

http://fortune.com/global500/pertamina/

Pertamina is #253 on the 2017 Fortune 500 list.
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