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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
Comment by godfroggeron Apr 14, 2011 10:41am
561 Views
Post# 18430375

good40

good40
haha, ever vigilant against the pump hey good40. I like your posts, you keep it interesting.
Its an exciting news release for me, I've been waiting on it for awhile. The SNM presentation outlines the reserve potential with matrix porosity versus with fracture porosity alone- very encouraging.
Regarding the 10 DST's, I don't know- you could be right depending on the pressures in each zone. 
I'd be interested to know more about the tests, for example what type of DST's were run (straddle, conventional...), shut in times, build up numbers.... as I'm just learning about that stuff at the moment where I am working (also a fracture play). Interesting stuff!
Bullboard Posts