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.

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ShaMaran Petroleum Corp

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Post by kanerfalkon Jul 23, 2010 3:06am

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Post# 17290921

Seismic survey completed - K42 block

My contact at Oil Search Ltd (The operator of the K42 block) reports: The K42 seismic survey has recently been completed and the data is being processed and interpreted. What happens next will depend on the results of interpretation. It is unlikely that there will be anything released on the seismic until mid-2011.

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