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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
Post by rznimrodon Oct 24, 2017 11:11am
210 Views
Post# 26850272

Atrush Operations Update

Atrush Operations UpdateVANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 24, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) reports that operations in the Atrush field in Kurdistan are continuing in a normal, safe and secure manner. Exports from Atrush are continuing via the Kurdistan Export Pipeline system and drilling operations on the CK-7 well are progressing as planned. Atrush production for the month of September averaged 21,400 bopd. In order to address certain production constraints the facilities were shut down in the beginning of October. Production has resumed and since October 12th has averaged 20,200 bopd whilst normal start up issues are being addressed. Chris Bruijnzeels, President and CEO of ShaMaran, commented, "The current situation in Kurdistan is challenging. However, we are maintaining normal operations and continue to work towards reaching the facilities' design capacity of 30,000 barrels of oil equivalent per day."
Bullboard Posts