Exploring opportunities in Texas
Taking advantage of the relatively low oil prices and the present crisis in the US oil industry, a good opportunity to purchase high-quality oil fields in Texas, for a relatively cheap price. The reason for the low purchase prices at present is that the value of the oil fields are calculated on today’s low prices, and not the expected average price of the oil fields’ production period, which is usually between 8-20 years.
At the moment the company negotiate with both Swedish and foreign companies that sees this as a major business opportunity. Therefore, the board and management of SNA has now chosen to present the following strategy to give shareholders and new investors a favourable leverage on their investment.
READ MORE ABOUT THE OIL AND GAS MARKET
The black gold
Oil is one of the world’s most important raw materials and used in most industries such as medicine, cosmetics, communication and, not least, as a heat source.
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Kallelse till bolagsstämma i Sweden Natual Assets AB (publ).
Annual meeting 2019