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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 mono13on Jan 28, 2021 6:24am
202 Views
Post# 32407072

Sarsang and Total

Sarsang and TotalVery 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
Bullboard Posts