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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 Oregonduckon Feb 16, 2015 8:21pm
422 Views
Post# 23434176

RE:Update !!!

RE:Update !!!Thanks for the update...The new found oil of 4,900 bopd has gravity at 14 degrees API & is categorized as "heavy oil" and good for paving asphalt. At-2 well flowed over 42,000 bopd. Also, I don't think this news will do anything to the stock price which is laying at 52-week low. Btw, the oil agreement with Iraq has been broken. Kurdistan's Premier Barzani said today that in return for the export of 550,000 bpd, the Kurdish region was due to get "1.2 trillion dinars ($1 billion) from Baghdad," each month. He said the December agreement, which had been seen as a breakthrough in resolving longstanding disputes over oil and budget, "currently has no meaning." "Baghdad has no money to give... We made a deal with a state that was originally broke, and Iraq today is broke," he told a news conference in the Kurdish capital. WHAT A MESS.
Bullboard Posts