Shares in ShaMaran Petroleum jumped over 8% on Thursday following an update on operations the Atrush and Taza blocks in Iraqi Kurdistan: Taza ShaMaran reports that the Taza-1 well, located in the Taza PSC in the Kurdistan Region of Iraq, commenced drilling on July 3, 2012. The Taza prospect is located approximately 80 kilometres southwest […]
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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 Petroleum (TSX VENTURE:SNM) has announced the start of drilling operations at the Atrush-1 exploration well in the Atrush Block, Kurdistan. The well is being operated by General Exploration Partners ("GEP"), a company jointly owned by ShaMaran (33.5%) and Aspect Energy (66.5%). The Atrush-1 exploration well was spudded on October 5, 2010. The well which […]
ShaMaran Petroleum (TSX VENTURE:SNM), the Canadian oil company with operations in Iraqi Kurdistan, has announced a new share placing to raise capital. The Vancouver-based company has agreed to sell, on a non-brokered, private placement basis, an aggregate of up to 111.2 million common shares at a price of Cdn $0.45 per share for gross proceeds […]
ShaMaran Petroleum, the Canadian oil and gas company, has announced that it has entered into an agreement with Aspect Energy International to acquire a one third stake in General Exploration Partners, a wholly owned subsidiary of Aspect. The Kurdistan Regional Government of Iraq ("KRG") and GEP are parties to a Production Sharing Contract dated November […]
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 […]
