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 godfroggeron Sep 24, 2012 12:25pm

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Post# 20406952

RE: RE: GKP is GBX- AIM Exchange

thanks for your perspective. Doesnt sound like GEP found an oil-water contact so we can expect the contingent resources to climb significantly, maybe above the P90 from the last estimate which puts them close to a billion barrels plus a couple other formations yet to add in... looking forward to seeing those numbers, presentation says they are preparing the estimate now.

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