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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 naggedon Apr 02, 2015 10:06am
275 Views
Post# 23591021

RE:Another Prediction

RE:Another Predictioni keeep wondering why they financed this like they did,, #1 was there is no floor under the oil price s o it will continue to dive while the fin is ongoing possibly into  fall 2015 till oil picksup,,,   #2  keeep everyone else at bay with the huge o/s and yesss  they will do a r/s when production starts. # 3 this is just the first salvo, they are planning on a big expansion of reserves maybe thru new lands or exploration of  these lands. by the way this is the old bayou bend from louisanna and before that it was kit resources,maybe they will get lucky and make money for shareholders  the third time,, the first 2 times they were duds.
Bullboard Posts