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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Comment by kanerfalkon Oct 21, 2010 12:00pm

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Post# 17593282

RE: RE: RE: Marathon acquires position in Atrush (

That was my first thought to. But regarding to SNM NR 9/1/2010 GEP held 80 % of Atrush, like todays NR. Is it the remaining 20% Marathon has bought from KRG? If so it means that the costs have been cut for GEP.

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