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 MundellFlemingon Sep 02, 2011 2:24am

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Post# 19005688

RE: RE: ShaMaran - PSC

That's also my impression!
I don't know where the previous mentioned website got their information from, but I do know that they have been rather critical towards some of the companies which operate in Kurdistan (especially DNO International).
I recently read a comment from an UBS analyst concerning the new oil law; their belief is that the law (and they based this on the latest indications coming out of Iraq) will approve of all KRG signed PSCs. Let's hope this is the case!

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