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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
Comment by kinematikon Jun 03, 2014 3:27pm
282 Views
Post# 22626215

RE:Is SNM getting a share of Swara Tika production?

RE:Is SNM getting a share of Swara Tika production?Yes I knew they finally declared it commercial, HKN where reaally close to getting kicked out because they failed to live up to the timetable set in the PSC. Don't know if they are out of the woods yet. Yes there will probably be unitisation.. If you read the PSCs there is a section about how it's handled.. And in Swara Tika they have found oil in Triassic also, higher api compared to our Jurassic oil.I wouldn't be surprised of TAQA went for the Americans share in HKN..Intresting times ahead. And meanwhile krg says Bagdads threats won't hold up in court :) could 50 oilcompanies be wrong about the constitution? Tianc says so. Stay tuned
Bullboard Posts