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 wrongsideoftraxon Sep 28, 2011 10:28pm

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Post# 19096617

RE: RE: Political risk

I highly doubt characters like Hayward would get involved in such a high risk ventures without feeling comfortable that this would be resolved. The Lundin's are also known for venturing where risk is high. I don't believe Iraq can meet it's goals to produce 6.5 million barrells of oil a year by 2014 without the help of internationals. They need to get this resolved ASAP to meet their production goals and the country is hungry to supply.

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