Asamera Oil Corporation, Ltd. Deal - Lehman Brothers Collection
Asamera Oil Corporation, Ltd.
|Company Deal||public offering of common stock|
|Transaction Type||Capital Stock|
|Deal Description||Asamera Oil Corporation, Ltd., expected to apply the proceeds from this deal to the acquisition, exploration, and development of oil, natural gas, and other mineral properties in Indonesia, North America, or elsewhere. Proceeds to be used in Indonesia were designated for seismic exploration for new source of oil, drilling exploratory and development wells, building one or more oil pipelines, extending a marine pipeline used to service tankers, and adding to and replacing plant and equipment in use at that time. A portion of the proceeds may also have been used for the acquisition of new areas in Indonesia. Proceeds to be used in Canada and Alaska went toward acquiring the rights to explore new areas, exploring said areas for oil, natural gas or other minerals, and developing such areas if commercial production appeared to be justified.|
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