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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Post by kinematikon Sep 02, 2014 6:30am

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Post# 22896171

DNO/SHAMARAN NEW HYDROCARBONLAW IRAQ/KRG CREDIBLE

Shamaran up over 7% in Stockholm

DNO/SHAMARAN

NEW HYDROCARBONLAW IRAQ/KRG CREDIBLE-CARNEGIE (Direct)

2014-09-02 11: 22

STOCKHOLM (Bloomberg) a new Government is expected to be presented in Iraq this week and an agreement on oil exportsshould have been reached regarding Kurdish oil.

The Carnegie writes in a comment and assesses news sources in the Middle East behind the information credible.

"According to several news sources in the Middle East, there is agreement on a new oil-and gaslag that allow the Kurdishregion to manage their own oljexport", write the Bank and points out that it is very positive for the Norwegian DNO, whichhas oil production in the area.