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ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

Energy Oil & Gas E&P
ShaMaran Petroleum Corp. is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq (KRI). The Company is engaged in the business of oil and gas exploration and production and holds interests in production sharing contracts. The Company indirectly holds an 18% working interest (22.5% paying interest) in the Sarsang Block in the KRI through its wholly owned subsidiary ShaMaran Sarsang A/S and a 50% working interest (66.67% paying interest) in the Atrush Block in KRI through its wholly owned subsidiary General Exploration Partners, Inc. (GEP). The Company is focused on developing the considerable reserve and production upside potential of its projects.


TSXV:SNM - Post by User

ShaMaran Petroleum Corp
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Comment by waw33on Jan 13, 2012 10:26am
419 Views
Post# 19400529

RE: RE: Despite

RE: RE: Despite

I will disclose that I'm a trader not an investor, but I expect to see SNM open slightly higher this moring, then close lower then yesterday or at least hit a lower low. Monday it will regain at least 15% pending no more "negative" news.

 

I loaded up at .23 yesterday and dumped at .25 this moring, I was hoping for a little higher surge but that's ok. I'm back on the bid around .20 with a close eye on things.

 

For those looking to go long with SNM, I wouldn't. The 808M Shares outstanding with no production is rediculous. They are apart of the Lundin group, and they seem to know how to make things happen, but this apears to be their lost puppy (dog).

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