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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 not4anymoreon Sep 08, 2013 12:21pm
361 Views
Post# 21725649

Mr Duck ........

Mr Duck ........
duck, given that the new well accomplished what it set out to do, I think your expectations are not reasonable. A 6500 meter step out is a long way and confirms a significant resource. I  assume that the location was picked by TAQA. They could have drilled much closer to the existing wells with more favorable test rates. They wanted to get a better idea on how large this puppy is!
Bullboard Posts