“At one time, we considered either the sale of our full share package or a part thereof,” said sources close to financial investment company SIF Muntenia, which owns 12 percent of company shares. The majority shareholder is Tender SA, with a stake of 85.6 percent.
Two transactions, with a total value of RON 20.7 million (€6.34 million) were made on the “deal” sector of Rasdaq, at 230 RON/share, 8 percent lower than the closing price on Friday. The rest of 747 transactions, with a total value of RON 36.1 million (€11 million) were made on the “regular” sector, at an average price of 239.6 RON/share.
Prospectiuni SA is the outstanding leader on the prospecting market required for the expansion of oil and gas fields, and the identifying of new fields in . Its main competitors are Petrom, Romgaz, and Amroco. According to company officials, Prospectiuni is the absolute leader in the field of earthquake prospecting, used extensively over the past year, especially by Petrom. Due to increasing demand of its services, the company posted net sales last year of RON 206.4 million (some €63.21 million), 48.3 percent more than in 2005, and net income of RON 39.8 million (about €12.19 million) - five times higher year-on-year.
Prospectiuni’s potential foreign competitors in are CGG (France) and Western GEKO (), but these companies are presently facing problems with logistical infrastructure, which will require significant investments throughout the country, according to company officials.
