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

Bullboard Posts

Post by bowmacwoodon Dec 24, 2010 11:06am

442 Views

Post# 17893057

SNM recent run up

While I have no real idea abotu the recent drill update, I am sure gld my original thesis was correct:

The LUNDIN's and MARATHON pumped big money into Atrush 1 for the simple fact that the OIL prospects in this region are huge and with other wells hitting nearby, it looks like we could have a SIGNIFICAN FIELD developing. I realiZe the area is lacking infrastrusture but that will be built one everyone knows there are billions of barrels of OIL in the area.

I am still sticking by my upside of over $1.50 per share if ATrush 1 proves to be a viable well. Remember SNM also has the other property's.

Season's greetings to all!!

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