ShaMaran Q3 2011 Financial and Operating Results

- November 21st, 2011

ShaMaran Petroleum Corp. (TSXV:SNM) reported its financial and operating results for the period that ended September 30, 2011.

ShaMaran Petroleum Corp. (TSXV:SNM) reported its financial and operating results for the period that ended September 30, 2011.

As quoted in the press release:

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 in the Middle and Upper Jurassic reservoirs and well analysis indicated that the intervals are capable of much higher rates when completed for production. The well was drilled in budget and on time to a total depth of 3,400 meters.

Click here to read the ShaMaran Petroleum Corp. (TSXV:SNM) press release.

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