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ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

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

Bullboard Posts
Post by Yemenon Dec 17, 2010 2:44pm
468 Views
Post# 17863441

What am I missing here???

What am I missing here???$700 million market cap, 600,000,000 shares out, ony 30% of the net oil here after partners and gov't take their shares and recoverable oil very questionable.  Not to mention that there are no export permits for KRG oil that I can see and  none on the immediate horizon either.

If i live to be 100, I will not be able figure out why this stock is as high as it is.    Maybe if they were to announce a 1- or 20,000 bbls a day discovery it might get this high, but otherwise the value is questionable.
Bullboard Posts