Tag Archives | Pulkhana

ShaMaran Announces Financial and Operating Results

By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and nine months ended September 30, 2012. Highlights On November 7, 2012 General Exploration Partners Ltd, operator of the Atrush Block and acting on behalf of the Contractor Group under the Atrush Block Production Sharing Contract, submitted to the Atrush […]

ShaMaran to Relinquish Working Stakes in Kurdish PSCs

ShaMaran Petroleum has signed a final binding agreement with the Kurdistan Regional Government (“KRG”) to relinquish to the KRG the 60% working interests currently held in each of the Arbat and Pulkhana Production Sharing Contracts (“PSC”). Under the terms of the agreement the PSC for each of the Pulkhana and Arbat blocks is terminated whereby […]

ShaMaran Shares Slump on Suspended Operations

ShaMaran Petroleum shares fell by 33% on Thursday following this update on its Pulkhana and Arbat blocks in Kurdistan: ShaMaran Petroleum is in the process of examining options to re-focus its asset base in Kurdistan and as a consequence has agreed with the Kurdistan Regional Government to suspend operations on both the Pulkhana and Arbat […]

ShaMaran Finishes Testing at Pulkhana-9

ShaMaran Petroleum has issued an operational update on the Pulkhana-9ST2 geological sidetrack: The Pulkhana-9 original hole reached a Total Depth (“TD”) of 2333 meters in the Cretaceous Balambo formation. A comprehensive testing program of six well tests (“DST”) recovered oil from four separate reservoir intervals, including two new reservoirs that predrilling had not been recognised […]

ShaMaran Issues 3Q Results

ShaMaran Petroleum has announced its financial and operating results for the three and nine months ended September 30, 2011. Highlights A major oil discovery in the Atrush Block was announced by the Company on April 13, 2011. The Atrush 1 well flowed at rates totalling over 6,393 bopd of 26.5 API oil from three tests […]

ShaMaran Tests Oil from Pulkhana-8

ShaMaran Petroleum has issued an operational update on the Pulkhana-8 re-entry well. The Pulkhana-8 Re-entry well (“PLK-8RE”) tested an average rate of 2,650 barrels of 31.6 degree API oil per day from the Upper Cretaceous Shiranish formation (high rates of up to 3,530 barrels of oil per day were recorded during the test). The well […]

ShaMaran Identifies 2 New Oil-Bearing Zones in Pulkhana

ShaMaran Petroleum has provided the following operational update on the Pulkhana-9 appraisal well: Pulkhana-9 reached a total depth of 2333 meters on July 23, 2011 in the Cretaceous. A comprehensive testing program of six well tests (“DST”) has been completed and oil has been recovered in four separate reservoir intervals, including two new reservoirs that […]

ShaMaran Starts Drilling at Pulkhana-9

ShaMaran Petroleum, the Canadian oil and gas company listed on the TSX Venture under the symbol “SNM”, has announced that drilling of the Pulkhana-9 appraisal/development well in the Pulkhana oilfield commenced on April 3, 2011. The Company has contracted an alternative drilling rig (Sakson 101) to the originally agreed Sakson PR3 rig as there was […]

ShaMaran Announces Amendment to Pulkhana and Arbat PSC

ShaMaran Petroleum Corp. (TSX VENTURE:SNM) has announced that the Company has entered into an agreement with the Kurdistan Regional Government of Iraq (“KRG”) to amend the Pulkhana Block 10 and the Arbat Block Production Sharing Agreements (“PSC”). The amendments relieve the Company of its contractual requirement to allot 150 million common shares of ShaMaran for the […]