ShaMaran Petroleum Corp (SHASF)

[Kinematik]

SHAMARAN ATRUSH UNDERPRICED, POSSIBLE ACQUISITION TARGETS-PARETO (Direct) 2014-03-28 10: 19 STOCKHOLM (Direct) Oil exploration company Shamarans only asset, the Kurdish Atrushfield in which the company owns a fifth, is undervalued by the market.

The mean Pareto Securities in today's buying analysis with price target 3: 70 SEK.

The Investment Bank said that field as it looks today, and in the light of what is expected to be in production by early next year, should be valued at 3: 20 kronor per share.

The analysis also points out that Shamaran course developmentally has gone worse than their analogue counterparts in the region such as the Norwegian DNO and the British-Turkish Genel Energy in the past year.

However, all signs suggest that the development of Atrush field follows the established plan involve a revaluation of Shamaran, according to Pareto.


In addition, Lundin-sphere's company a possible acquisition targets for larger oil companies who want to enter the coveted Kurdish region.


Regarding the political situation in the area, choose the Bank to have a light approach, where an agreement between the two antagonists-the Kurdish regional government, KRG and central Government in Baghdad – can be reached within the next few months, i.e. before the expected start of production of Atrush field.

At 10.15 pm on Friday traded Shamaran share to 2: 64 kronor, an increase of nearly 3 percent for the day. Henrik Svensson + 46 8 5191 7924 The News Agency Directly

https://www.avanza.se/placera/telegram/2014/03/28/shamaran-atrush-undervarderat-mojligt-forvarvsobjekt-pareto.html