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ShaMaran declares year-end 2014 reserves and contingent resources


Published Mar 13, 2015
ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. reports updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2014. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. (McDaniel), the Company's independent qualified resources evaluator, and were prepared in accordance with standards set out in the Canadian National Instrument NI 51-101 and Canadian Oil and Gas Evaluation Handbook (COGEH).

McDaniel estimates for reserves and contingent resources have taken into account the results of all available drilling, well testing results and other information acquired since December 31, 2013, i.e. Atrush-4, Chiya Khere-5 ("CK-5"), CK-8 and CK-6, the latest remapping based on the final 3D seismic processing and the ongoing commitment to and work program in support of the first phase of Atrush development as defined by the KRG approved Field Development Plan.

Tags: ShaMaran Petroleum Corp




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