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ShaMaran Petroleum Corp. V.SNM

Alternate Symbol(s):  SHASF

ShaMaran is an oil company with production from two adjacent blocks in Kurdistan. To date, cumulative production (100% basis) from its fields has reached over 120 million barrels. The Company is focused on developing the considerable reserve and production upside potential of its projects. ShaMaran is part of the Lundin Group. See the latest MD&A and AIF for important information related to the its projects, description of the Company’s business, reserves, and risk factors.


TSXV:SNM - Post by User

Bullboard Posts
Comment by BetaInvon Feb 17, 2014 3:36pm
117 Views
Post# 22217665

RE:How do you get the oil out.

RE:How do you get the oil out.
mcyda08 wrote: The question I have is how will ShaMaran get the oil out of the country.  These companies in northern Iraq, not only have strategic reliance on the local politics, but also the regional troubles.  Northern Iraq is landlocked!!! The oil needs to leave the region, and, the decision for that is in the hands of the central government.

Any thoughts???


They may be in the business of selling their company/property to big boys.  I do agree that they have a cap in their valuation. The critical issue is what that cap is.
Bullboard Posts