AMGRF Artumas Group Inc featured news, full reports, and detailed charts
Artumas Group Inc (AMGRF/AMGRF.PK) Wrap Up:
Artumas Group Inc., an independent energy company, engages in exploring, developing, and producing oil and gas properties in east Africa. It holds an interest in approximately 25,500 square kilometers of operated and non-operated asset positions in the Rovuma Delta Basin in southern Tanzania and northern Mozambique. The company also involves in developing commercial opportunities for the identified hydrocarbon resource, including small and large-scale electricity generation, compressed natural gas export, and other gas transportation alternatives. Further, it is conducting a hydrocarbon exploration program in Mozambique, as well as focuses on monetizing its hydrocarbon reserves. The company was incorporated in 2000 and is headquartered in Calgary, Canada.Artumas Group Inc (AMGRF:Pink OTC Markets Inc)
Snapshot of Artumas Group Inc (AMGRF)
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OPEN
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PREVIOUS CLOSE
$0.55
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/16/09 - $0.62
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52 WEEK LOW
07/15/09 - $0.0050
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MARKET CAP
16.8M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
30.5M
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AMGRF Does Not Pay Dividends
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P/E TTM
NM
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AMGRF Top Compensated Officers
Executives, Board Directors
Key developments for Artumas Group Inc (AMGRF)
Artumas Group Inc. announced that effective August 24, 2009 John W.S. Bentley, Acting Executive Chairman, has accepted the position of Executive Chairman on a permanent basis. As well, effective August 24, 2009 Cameron Barton, Acting President and Chief Executive Officer, and Chief Financial Officer, has accepted the positions of President and Chief Executive Officer on a permanent basis. Effective August 15, 2009 Duncan Nightingale has accepted a consulting role with the Company for a period of six months and will therefore be relinquishing his current role as Senior Vice President of Exploration and Production. This decision was arrived at by mutual agreement.
Artumas Group Inc., Annual General Meeting, Oct 09, 2009, at 10:00 CET-Central European. Location: Grand Hotel Oslo, Karl Johans Gate 31, NO-0159 Oslo,Norway. Agenda: To receive and consider the corporation's financial statements for the year ended December 31, 2008, to fix the number of directors to be elected at seven; to elect the seven; to appoint auditors for the ensuing year and to authorize the board of directors of the corporation to fix the remuneration to be paid to the auditors; to approve the consolidation of the corporation's common shares; and to transact such other business as may be properly brought before the meeting or any adjournments thereof .
Artumas Group Inc. announced that Mr. Michael Jansa has been appointed to the board with immediate effect. Mr. Jansa is a Managing Director and founding partner of ECP. Before joining ECP, Mr. Jansa was a Vice President of GE Capital's Structured Finance Group. The Government of Tanzania through its Ministry of Finance and Economic Affairs has confirmed it will provide $7.0 million to Artumas in the form of a loan to the Company's Tanzanian gas business, thus providing financial stability to production operations critical to the generation of power in the Mtwara region. The terms of this loan are now being documented and will be announced when they are finalized.
AMGRF Competitors
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Industry Analysis
| Valuation | AMGRF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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AMGRF transactions
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Private Placement
June 24, 2009 |
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