Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Asamera Oil Corporation, Ltd. Deal - Lehman Brothers Collection

Asamera Oil Corporation, Ltd.

Company Dealpublic offering of common stock
Transaction TypeCapital Stock
Deal DescriptionAsamera 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.
Harvard Business School Harvard Business School Baker Library Histrorical Collections