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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.


TSXV:SNM - Post by User

ShaMaran Petroleum Corp
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Post by kinematikon Mar 06, 2014 6:51am
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Post# 22287137

Genel results, not making any money you said tianc??

Genel results, not making any money you said tianc??


https://www.lse.co.uk/FinanceNews.asp?code=h6cv3ghr&headline=UPDATE_1Genel_Energys_profit_up_oil_output_outlook_improves

UPDATE 1-Genel Energy's profit up, oil output outlook improves

Thu, 6th Mar 2014 10:52



LONDON, March 6 (Reuters) - London-listed oil company Genel Energy, led by former BP boss Tony Hayward, reported a strong rise in profits on Thursday after its first year of exporting oil from Iraqi Kurdistan.

The company plans to step up oil production by 50 percent to 60,000-70,000 barrels of oil equivalent per day this year by using a new pipeline that links its production region in Iraqi Kurdistan to customers in Turkey.

Genel Energy also said that drilling results from three more wells in Iraqi Kurdistan showed oil and gas was in place, raising hopes for commercial flows from the sites.

Profits before tax rose to $186.5 million last year from $75.9 million in 2012 and revenue was 4 percent higher at $347.9 million.

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