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.

TSXV:SNM - Post by User

ShaMaran Petroleum Corp

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Post by wrongsideoftraxon Apr 05, 2011 8:42am

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Post# 18385749

Rating cut/Raymond James

Shares of the following companies may have unusual moves in Canadian trading.

Shamaran Petroleum Corp. (SNM) : The oil explorer with operations in Iraqi Kurdistan had its rating cut to “market perform” from “outperform” by Rafi Khouri, an analyst at Raymond James Financial Inc.

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