Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 cableslackon Sep 05, 2013 1:52am
329 Views
Post# 21719355

Attn Kinematik and some others.

Attn Kinematik and some others.
I can applaud you enthusiasm but there are some obvious pumps you and a couple others are making.
All your calculations are done based off the price of Brent crude.  This is wishful thinking as all of this oil will be deeply discounted at various percentages because it is heavy and sour.  No one pays a premium for this. To get a better idea, look at the spot prices for the Venezuelan heavy crude.
On top of that, lifting and processing costs skyrocket.
In this area, there is a lot of H2S and they refer to it in % and not PPM it is so sour.
  So when you are cheerleading in the future, a little more reality would help your credibility.
Bullboard Posts