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 Apr 20, 2011 11:29am

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Post# 18461076

RE: RE: More Shares out. Crap.

In September, after the PP at .45 the stock went over 200% in two months. This PP will maybe make the money last until we have or are close to production in both Atrush and Pulkhana. Then we will have another 40 million in cash from the first Atrush earnings (read th deal between Aspect and SNM). I think it's up from here, The Lundin family and friends (Lukas, Ian, Guidry, Kabra and Hill) doesn't do this for fun, they've done it many times before, remember Tanganyika Oil?

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