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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 prairie08sheikon May 26, 2011 12:46pm
388 Views
Post# 18629333

Parent problems

Parent problemsI read on Globe and Mail investor that the parent's company (Lundin) had some problems and shares down today.
I was wondering if this will have any effect on SNM shares as investors are usually spooked at any type of news.  
It appears that SNM has had success and not limited to one location-eggs in many baskets of drilling locations.  
However, I feel that it should be up a lot more.  Perhaps, with more drilling successes, it should climb up over $1.00 mark.  
It appears that VST may be onto something as to the price and volume of shares traded.  Finally LFD will be getting started and may be a good thing as WZR, VST are all sharing drilling info.  
Bullboard Posts