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Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 10.0K
SNM On Other Exchanges
As of 3:55 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

shamaran petroleum corp (SNM) Snapshot

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52 Week High
07/7/14 - C$0.35
52 Week Low
06/15/15 - C$0.08
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shamaran petroleum corp (SNM) Details

ShaMaran Petroleum Corp., an oil and gas company, engages in the exploration, appraisal, and development of oil and gas resources in the Kurdistan Region of Iraq. It principally holds a 20.1% working interest in the Atrush Block, which covers an area of 269 square kilometers that is located approximately 85 kilometres to the northwest of Erbil. The company was formerly known as Bayou Bend Petroleum Ltd. and changed its name to ShaMaran Petroleum Corp. in October 2009. ShaMaran Petroleum Corp. is headquartered in Vancouver, Canada.

10 Employees
Last Reported Date: 03/13/15

shamaran petroleum corp (SNM) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $290.6K
Compensation as of Fiscal Year 2014.

shamaran petroleum corp (SNM) Key Developments

ShaMaran Petroleum Corp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015

ShaMaran Petroleum Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported loss before finance items and income taxes was USD 1.655 million compared to USD 0.714 million a year ago. Loss before income tax expense was USD 2.459 million compared to USD 2.076 million a year ago. Loss from continuing operations was USD 2.486 million compared to USD 2.108 million a year ago. Loss for the period was USD 2.496 million compared to USD 2.123 million a year ago. Net cash outflows to operating activities was USD 2.282 million compared to USD 6.837 million a year ago. Purchase of property, plant and equipment was USD 0.001 million compared to USD 0.036 million a year ago. Purchases of intangible assets was USD 16.324 million compared to USD 13.717 million a year ago. The company provided production guidance for the year 2015. Implementation of the 30,000 bopd Atrush Phase 1 Production Facility is in progress. The civil construction site preparation work for the facility was completed in the final quarter of 2014 and work is continuing on foundations for the individual facilities. Main production modules for the facility are being fabricated with delivery expected in 2015 with hookup and commissioning to follow. The Operator has advised partners of the potential for delay in first oil, previously targeted by end of 2015, due to delays in materials and equipment availability, procurement and other related issues.

ShaMaran Petroleum Corp, Annual General Meeting, Jun 17, 2015

ShaMaran Petroleum Corp, Annual General Meeting, Jun 17, 2015., at 08:00 Pacific Standard Time. Location: Suite 2000 - 885 W Georgia Street. Agenda: To receive the consolidated audited financial statements of the Corporation for the year ended December 31, 2014, together with the report of the auditors thereon; to appoint PricewaterhouseCoopers AG, as auditor of the Corporation for the ensuing year and to authorize the directors to fix their remuneration; to fix the number of directors at five; to elect directors for the ensuing year; to consider and, if thought fit, to pass an ordinary resolution providing the required annual approval of the Corporation's Incentive Stock Option Plan, as more particularly described in the accompanying Management Information Circular; and to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.

ShaMaran Petroleum Corp Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

ShaMaran Petroleum Corp. reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported loss before finance items and income tax expense of $1,908,000 against $3,424,000 a year ago. Loss before income tax expense was $7,104,000 against $4,136,000 a year ago. Net loss from continuing operations was $7,213,000 against $4,223,000 a year ago. Net loss for the year was $7,000,000 against $3,288,000 a year ago. Net cash inflows from operating activities were $3,612,000 against net cash outflow to operating activities of $811,000 a year ago. Purchase of property, plant and equipment was $81,000. Purchases of intangible assets were $71,682,000 against $39,788,000 a year ago.


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