ShaMaran Petroleum Corp (SHASF)

[Kinematik]

Why sell now???

Bagdads threats are ridicoulus!

There are so much coming in the near future, at4 results, maybe a heads up first that theyve reached TD then the reserve update where we will prob book our first 2P reserves instead of just 2c=much more value!

And then the prospective resource report should be released together with that, here we should see the whole upside off the field including the undrilled FW that may contain 0-5 billion barrels of oil according to the 2010 RPS report,


Meanwhile laugh at this :) Turkey's answer was "sure do that, but that pipeline wouldnt be operational for even one day"


So if Iraq moves pipelines away from Turkey it reflects either more threats or there's no way to break the Kurdish link....

Iraqi government to change oil pipeline route according to Turkish Newspaper
Home » Politics » Iraqi government to change oil pipeline route according to Turkish Newspaper // By Ahmed Hussein on January 16, 2014

(IraqiNews.com) A Turkish newspaper revealed that the Iraqi Federal Government intends to redraw the path of the oil pipelines across Syria or Israel instead of Turkey who concluded a convention to import crude oil from Kurdistan Regional Government without obtaining the consent of the Iraqi Federal Government.

The Turkish newspaper, Yeni Safak, published that ”The Iraqi Company of Marketing the Iraqi Oil resources expressed its readiness to change the path of pipelines that export Iraqi crude oil to the global markets so that it reach global markets without passing through Turkey,” The Kurdistan Regional Government announced its intention to export one million barrel of crude oil to Turkey which raised the rage of the Federal Government which considered this process as smuggling and unconstitutional and it threatened to reduce the portion of Kurdistan Region from the 2014 State Budget.



Read more:
http://www.iraqinews.com/baghdad-politics/turkish-newspaper-reveals-intention-of-iraqi-government-to-change-path-of-oil-pipelines/#ixzz2qarVHkuD

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Read more:
http://www.iraqinews.com/baghdad-politics/turkish-newspaper-reveals-intention-of-iraqi-government-to-change-path-of-oil-pipelines/#ixzz2qarKthqW

Follow us: @IraqiNews_com on Twitter | IraqNews on Facebook