Bullboard - Stock Discussion Forum ShaMaran Petroleum Corp SHASF

Primary Symbol: V.SNM

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... see more

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TSXV:SNM - Post Discussion

ShaMaran Petroleum Corp > SNM.V energy. Record rev and profits last quater

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Post by Charts1 on Mar 04, 2022 8:27am

SNM.V energy. Record rev and profits last quater

Atrush Financial

The second quarter of 2021 saw a record profit with net result of $ 6.8 million, resulting in $ 9.3 million net profit for the six months of 2021;
A very strong EBITDAX of $18.4 million for Q2 2021 and $31.9 million for the six months of 2021, over six times the EBITDAX result for the six months of 2020;
The KRG continues to repay the $41.7 million of outstanding receivables for November 2019 to February 2020. At the date of this news release $13.8 million has been invoiced to the KRG and $9.6 million paid; and