Elephant Oil Corp.

General Information
Business:

(This is a unit IPO: 2.58 million units (2,580,645 units) at $4.15 to $5.15 to raise $12 million. Each unit consists of one share of common stock and one warrant to buy one share of stock. The size of this IPO was increased in an S-1/A filing dated Nov. 3, 2022 – to 2.58 million units, up from 2.15 million units, at the same price range of $4.15 to $5.15 per unit. The IPO’s initial terms were 3.23 million units at $4.15 to $5.15, which were disclosed in an S-1/A filing dated Aug. 12, 2022. The S-1 was filed March 25, 2022.)

We are an independent oil and gas exploration stage company, led by an experienced management and technical team, which is focused on under-explored regions in Africa. Our current asset portfolio includes an exploration license onshore in the Republic of Benin (“Benin”), as well as an exploration license onshore in the Republic of Namibia (“Namibia”). As of the date of this prospectus, we have not drilled any wells. Additionally, the Company continues to review other potential assets for expansion.

Industry: Exploration & Production
Employees: 3
Founded: 2013
Contact Information
Address Pennzoil Place 700 Milam, Suite 1300 Houston, TX 77002
Phone Number (832) 871-5050
Web Address
View Prospectus: Elephant Oil Corp.
Financial Information
Market Cap $68.63mil
Revenues $0 mil (last 12 months)
Net Income $-3.05 mil (last 12 months)
IPO Profile
Symbol ELEP
Exchange NASDAQ
Shares (millions): 2.6
Price range $4.15 - $5.15
Est. $ Volume $12.0 mil
Manager / Joint Managers Spartan Capital Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change