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Bullboard - Stock Discussion Forum ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

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

TSXV:SNM - Post Discussion

ShaMaran Petroleum Corp > snm news
View:
Post by hikari on Dec 27, 2024 5:20am

snm news

William Lundin spent the day before Christmas filling the portfolio with shares in IPC, where he is CEO, and Shamaran. Both oil companies rise on the mid-day stock exchange.


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Oil firms in Iraqi Kurdistan demand compensation of $24 billion
Iraq Amr Salem December 25, 2024 3251 2 min


Baghdad (IraqiNews.com) – Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.

Economic expert Nabil Al-Marsoumi revealed on Monday that the Iraqi judiciary denied the Iraqi Ministry of Oil’s request to terminate these companies’ contracts with Iraqi Kurdistan, Shafaq News reported.

The Karkh Court of Appeal canceled previous court decisions that considered the contracts concluded between the Kurdistan Regional Government (KRG) and oil companies invalid, according to Al-Marsoumi.

Gazprom Neft, Addax Petroleum, Dana Gas, DNO, Genel Energy, Gulf Keystone Petroleum, HKN Energy, ShaMaran Petroleum Corp, and WesternZagros are the nine oil companies.

Since March 2023, crude oil flows along the Iraq-Turkey oil pipeline, which formerly handled around 0.5 percent of the world’s oil supply, have been suspended due to legal and financial uncertainty.

After the International Chamber of Commerce (ICC) in Paris decided in March 2023 that Ankara had broken a 1973 treaty by enabling oil exports without the federal government’s approval, flows via the Iraq-Turkey oil pipeline were stopped.

Several foreign oil companies have halted production, and shipments have not yet resumed despite multiple discussions between officials in Iraqi Kurdistan, the federal government in Baghdad, and Turkish authorities.
Comment by hikari on Jan 06, 2025 8:46am
https://x.com/channel8english/status/1838141971023466777?s=46&t=Fup7tTn0X9SYh1L6qcwxRw
Comment by hikari on Jan 07, 2025 8:19am
20 min interview https://x.com/Channel8English/status/1876357689439379727
ShaMaran Petroleum Corp