Added to YB: 2026-03-16
Pitch date: 2026-03-12
MAU.PA [neutral]
Etablissements Maurel & Prom S.A.
+1.8%
current return
Author Info
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Company Info
Etablissements Maurel & Prom S.A. engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela.
Market Cap
EUR 2.3B
Pitch Price
EUR 10.53
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
growth
Maurel et Prom: building a very profitable empire
MAU.PA (holding update): Production +46% since 2021 to 37,096 boepd, net cash $179M (from $343M debt). 2026 guidance 42,700 boepd (+15% YoY), potential 50k+ exit rate. 2P reserves 313MMboe across Gabon, Venezuela, Colombia. Sinu-9 block (61% WI) massive exploration upside. Venezuela improving post-OFAC GL50A, reserves upgraded. Strong FCF funds growth CAPEX + exploration; RCF expansion signals new M&A ahead. Mgmt proven allocators, flawless execution. Trading rich post rally but growth runway intact.
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