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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 tecnica1on Oct 28, 2011 12:54am
458 Views
Post# 19188821

total share count now...

total share count now...after the private placement will be in the area of 805 million . i know that they have 4 exploration blocks to explore, but damn, snm is marching its way up to the 1 billion share count area. anybody else having a concern about the total amount of shares? When Tanganyika Oil was bought by Sinopec there total shares were in the neighborhood, and correct me if Im wrong, of 55 - 65million shares at 31.50/share.
Bullboard Posts