Artumas Group Inc.
Artumas Group Inc. (Artumas) is an independent oil and gas company based in Canada. It is actively participating in the exploration, development, and production hydrocarbon reserves in the Rovuma Delta Basin in Tanzania and Mozambique. Artumas is also involved in is also actively involved in developing commercial opportunities for the identified hydrocarbon resource, including small- and large-scale electricity generation, compressed natural gas (ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“CNGÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â) export, and other gas transportation alternatives utilizing strategic partnerships. It principally operates in East Africa. The company is headquartered at Calgary in Alberta, Canada.The company reported revenues of (U.S. Dollars) USD 2.85 million during the fiscal year ended 2008, an increase of 47.00% over 2007. The operating loss of the company was USD 118.74 million during the fiscal year 2008, a decrease of 297.00% over 2007. The net loss of the company was USD 117.98 million during the fiscal year 2008, a decrease of 329.00% over 2007.