ShaMaran Announces Reserves and Resources

ShaMaran Petroleum has reported initial recognition of reserves as well as updates to estimated contingent resources and prospective resources for the Atrush block as of December 31, 2013.

The reserves and resources estimates were provided by McDaniel & Associates Consultants Ltd., the Company's independent qualified resources evaluator, and were prepared in accordance with standards set out in the Canadian National Instrument NI 51-101 and Canadian Oil and Gas Evaluation Handbook (COGEH).

McDaniel estimates for reserves and resources have taken into account the results of the Atrush-3 well, the latest remapping based on 3D seismic and the commitment to the first phase of Atrush development as defined by the KRG approved field development plan.

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One Response to ShaMaran Announces Reserves and Resources

  1. george ibraheem yokhana 16th March 2014 at 11:53 #

    Dear All /first of all congratulation for ShaMaran for this achievement as a result of challenge spirit to explore crude oil and hope when we will know the time for beginning CRUDE OIL PROCESSING CPF suppose to be announce after drilling and processing before exporting
    My name is GEORGE IBRAHEEM YOKHANA /Iraq Branch Manager for Samsung engineering company in Baghdad and my e-mail is :[email protected]