Post by mono13on Jan 25, 2021 9:12am

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Post# 32373826
A lot is happening now, and in the near future!
A lot is happening now, and in the near future!
Here I have summed up a few things KRG and Baghdad Will we finally see a solution between KRG and Baghdad on the budget? And what will it mean for IOCs operating in KRG if SOMO receives 250 bpd, will Baghdad see the contracts as legal? And how will investors view the companies operating in Kurdistan? Does some of the risk disappear? And the companies get a completely different valuation? www.rudaw.net/english/kurdistan/29122020-amp www.forbes.com/sites/debtwire/2021/01/04/iraqi-and-kurdistan-budget-hangs-in-the-balance/amp/ Sarsang and Total Very exciting things are happening in the neighboring block, Sarsang, where Total is possibly on its way to sell its share of 18%. According to Bloomberg, Total believes it can get up to $ 500 million for its part. And if they get close to that price, that would be very positive, for the valuation of nearby Atrush! And who could be the buyer? I think that the Russian in particular is strengthening its presence in the area. But the future will tell. www.bloomberg.com/news/articles/2020-12-04/total-said-to-be-in-talks-to-sell-stake-in-kurdistan-oil-field Plan for expansion It will be very interesting to see if there are any decisions, about expanding the field to 80-100bopd. This was to be decided on, in 2020 but was put on hold when Covid-19 became a fact and the oil price crashed. But now it's time I think to make a decision on the issue regarding the future expansion of the field. Page 3. www.shamaranpetroleum.com/site/assets/files/5158/2019-12-snm-cp.pdf Here I see the greatest potential for an upgrade of the company. Here, future company value and future belief regarding Atrush's ability to be the company's basis for stability and sole asset are determined. I would like to see the use of cash flow to acquire new assets. And that the company can grow further with higher share prices as a result! I think it is very interesting to look back at information that the company has given before. To create an image of where they are today or in the near future. If you look at the presentation from August. Page 8 www.shamaranpetroleum.com/site/assets/files/5196/corporate_presentation-shamaran-rev10.pdf So it will be very interesting regarding the opportunity to see an increase of production in the very near future. Wonder how far the company has come? Installation of Second Trainat Early Production Facility. Second productiontrain (EPF.T2) brings current Atrush processing capacity in line with well capacity circa 58Mbopd. Is it already installed and they can easily screw up prod 10,000 barrels / day? There is a lot that justifies this, among other things, if you get the debt back from Nov-Feb faster. That calculation becomes much more appealing if you count on 55$ barrels/brent, which we are a bit over now at the time of writing, and a production of 58,000 barrels / day. I do not see it as completely unlikely that in the foreseeable future we will hear from the company that they will increase production to these levels. This is, after all, information from August and it is quite reasonable that we are there today. Refund from KGR At least if we are to believe Genel, GKP and Dana Gas who have informed the market about this. genelenergy.com/wp-content/uploads/2020/09/Genel-Resumption-of-override-payments-FINAL-11.12.20.pdfwww.danagas.com/media/press-releases#sec-5986polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/w6qe47r And that they have finally started to get hold of the bond. (We'll see what happens there.) https://www.shamaranpetroleum.com/news/shamaran-announces-issuance-of-summons-to-its-bond-122756/ But I think we'll be surprised. With Lundin you can never know. "expect the unexpected" When i add up everything. ShaMaran has never looked more interesting. And had so many triggers for the stock lined up in the near future. Now there is only one direction for the stock and it is up. Sincerely mono13