ShaMaran Petroleum Corp. - Oil Exploration and Development in Iraqi-Kurdistan (Seite 38)
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...hinzu kommt,daß Taza1 in den nächsten Wochen fertig gestellt
sein sollte; spud in Juni 2012 und geplante Bohrdauer 102 Tage,wenn
es gut läuft.
Falke7
sein sollte; spud in Juni 2012 und geplante Bohrdauer 102 Tage,wenn
es gut läuft.
Falke7
Antwort auf Beitrag Nr.: 43.544.251 von motz1 am 28.08.12 23:59:18
Was sich nun abschätzen lässt ist, dass die damalige Schlussfolgerung unter b) korrekt war.
Wenn man sich die letzten News und Punkte ansieht, dann ergibt sich für mich im Hinblick darauf, was nun kommt, folgendes Bild:
- Wir werden ein deftiges Resource-Upgrade sehen. Einerseits rechnerisch aus den neuen Daten von AT-2 i.V.m. AT-1 und der Entfernung von 3,1km. Andererseits liegt nun seit kurzem die 3D-Seismic über das komplette Gebiet vor. Man sollte eine gute Absicherung dessen haben, was man hat. Gute aber mit Vorsicht zu genießende grobe Anhaltspunkte liefern die kartographischen Darstellungen, wenn man die Darstellung von AT mit Nachbarfeldern vergleicht.
- AT-2 dürfte ein sattes de-risking des gesamten Feldes darstellen.
- Die Platzierung und der Spud von AT-3 werden definiert.
- Derzeit wird AT-1 zur producer-well umgebaut, Produktionsbeginn in Reichweite.
- Mit dieser großartigen Flowrate von AT-2 dürften die in Kurdistan in den letzten Monaten ohnehin aktiven Majors ziemlich große Augen bekommen haben.
- Die vielen kleinen Hinweise in der NR ("The test rates were limited by surface testing equipment."; "None of the tests had measurable amounts of formation water."; API von 27 Grad,...) stimmen ebenso positiv wie auch die Info, dass die Kosten 30% unter Budget blieben.
Tja, das lange und schwer gebeutelte Sorgenkind ShaMaran scheint wieder auf die Füße zu kommen. Man beginnt sich rauszuputzen und stellt die Federn.
Kurzum, wie auch das obige natürlich alles imho: Ich gehe unternehmensseitig von weiteren positiven Nachrichten in den kommenden Wochen aus.
Zitat von motz1: Aus diesen Umständen folgere ich grundsätzlich zwei Dinge:
a) Es besteht ein Exit-Plan
b) Atrush-2 ist gut (es liefert so gute Daten, dass das Management sich sicher ist dieses Ziel allein mit Atrush zu erreichen)
Inwiefern das alles so Eintritt werden wir sehen - time will tell.
Was sich nun abschätzen lässt ist, dass die damalige Schlussfolgerung unter b) korrekt war.
Wenn man sich die letzten News und Punkte ansieht, dann ergibt sich für mich im Hinblick darauf, was nun kommt, folgendes Bild:
- Wir werden ein deftiges Resource-Upgrade sehen. Einerseits rechnerisch aus den neuen Daten von AT-2 i.V.m. AT-1 und der Entfernung von 3,1km. Andererseits liegt nun seit kurzem die 3D-Seismic über das komplette Gebiet vor. Man sollte eine gute Absicherung dessen haben, was man hat. Gute aber mit Vorsicht zu genießende grobe Anhaltspunkte liefern die kartographischen Darstellungen, wenn man die Darstellung von AT mit Nachbarfeldern vergleicht.
- AT-2 dürfte ein sattes de-risking des gesamten Feldes darstellen.
- Die Platzierung und der Spud von AT-3 werden definiert.
- Derzeit wird AT-1 zur producer-well umgebaut, Produktionsbeginn in Reichweite.
- Mit dieser großartigen Flowrate von AT-2 dürften die in Kurdistan in den letzten Monaten ohnehin aktiven Majors ziemlich große Augen bekommen haben.
- Die vielen kleinen Hinweise in der NR ("The test rates were limited by surface testing equipment."; "None of the tests had measurable amounts of formation water."; API von 27 Grad,...) stimmen ebenso positiv wie auch die Info, dass die Kosten 30% unter Budget blieben.
Tja, das lange und schwer gebeutelte Sorgenkind ShaMaran scheint wieder auf die Füße zu kommen. Man beginnt sich rauszuputzen und stellt die Federn.
Kurzum, wie auch das obige natürlich alles imho: Ich gehe unternehmensseitig von weiteren positiven Nachrichten in den kommenden Wochen aus.
Antwort auf Beitrag Nr.: 43.609.162 von motz1 am 15.09.12 20:55:07dank dir motz1
Und hier noch eine Info von Scotia 
...
--------
Scotia Capital Sets ShaMaran Petroleum Corp Price Target at $0.70 (SNM)
September 14th, 2012
Scotia Capital increased their price target on shares of ShaMaran Petroleum Corp (CVE: SNM) from $0.40 to $0.70 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock.
[...]
http://www.dailypolitical.com/finance/stock-market/scotia-ca…
...--------
Scotia Capital Sets ShaMaran Petroleum Corp Price Target at $0.70 (SNM)
September 14th, 2012
Scotia Capital increased their price target on shares of ShaMaran Petroleum Corp (CVE: SNM) from $0.40 to $0.70 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock.
[...]
http://www.dailypolitical.com/finance/stock-market/scotia-ca…
Hier noch die ins Deutsche übesetzte NR von GEP:
--------------
SOURCE: General Exploration Partners, Inc.
September 14, 2012 13:49 ET
Atrush-2-Quelle fördert 42.212 Barrel pro Tag
DENVER, CO--(Marketwire - Sep 14, 2012) - General Exploration Partners Inc. ("GEP" oder das "Unternehmen") hat ein umfangreiches Testprogramm zur Atrush-2-Explorations- und Evaluierungsquelle ("AT-2") durchgeführt und 3,1 Kilometer östlich und in Fallrichtung der Atrush-1-Aufschlussquelle ("AT-1") in der Region Kurdistan im Irak gebohrt.
AT-2 war am 23. Mai 2012 angebohrt worden und erreichte in 49 Tagen die geplante Gesamttiefe von 1750 Metern. Das Bohrloch wurde rechtzeitig und 30% unter dem geplanten Budget gebohrt.
Das neue Barsarin-Sargelu-Alan-Mus (BSAM) Reservoir Oil Down To wurde 97 Meter tiefer gefunden als das mit AT-1 erkundete Reservoir. Reservoir-Intervalle innerhalb des jurazeitlichen Adaiyah und der obere Teil der Butmah-Formation waren auch erdölführend.
Drei Drillstem-Tests (DST) wurden über dem BSAM-Reservoir des wichtigsten Jura-Fundes durchgeführt. Eine kombinierte Rate von bis zu 42.212 Barrel Öl pro Tag (bopd) wurde durch den Einsatz einer versenkbaren Elektropumpe erzielt. Die Testrate wurde durch Oberflächentestgeräte begrenzt. Keiner der Tests ergab messbare Mengen Formationswasser.
Unterschiedliches DSTs wurden auch in den Butmah- und Adaiyah-Formationen durchgeführt. Das stark gebrochene Oberteil des Butmah, das pro Tag bis zu maximal 1450 Barrel unter Stickstoffheber und gegen Ende des kurzen Tests lieferte, produzierte trockenes Öl vom Grad 9 API. Ein Reservoirbereich innerhalb des Adaiyah-Anhydrits lieferte bis zu bis 500 bopd trockenes Öl mit Grad 11 API unter Stickstoffheber. Gemäß des "Production Sharing Contract" hat GEP dem Ministerium für natürliche Ressourcen der Regionalregierung in Kurdistan eine Nachricht bezüglich der Erkundung vorgelegt.
Unterdessen wurde im östlichen Teil des Atrush-Blockes die zweite Phase der seismischen 3D-Erfassungs abgeschlossen und ermöglichte GEP eine 3D-Aufnahme des gesamten Blocks. Eine Ausschreibung läuft für die Verpachtung einer Extended Well Test Facility (EWTF), wobei der Zuschlag in Kürze erwartet wird. Es liegen Pläne für eine erneut angeschlossene AT-1 vor, die Anfang 2013 mit der EWTF verbunden werden soll.
Alex Cranberg, Vorsitzender von Aspect Holdings, kommentierte: "Wir sind von den Resultaten der AT-2-Sondierung und der Beurteilung des Bohrlochs begeistert. Das Bohrloch erreichte drei wichtige Ziele -- Entdeckung des zusätzlichen Ressourcenpotenzials in Butmah und Adaiyah; das Öl im BSAM 97 Meter weiter unten anzutreffen, ohne auf Öl-/Wasserkontakt zu stoßen; und der Nachweis der bedeutenden Produktionskapazität des BSAM-Reservoirs. Von operativer Seite aus betrachtet hat unser Team wirklich gute Arbeit geleistet und das Bohrloch rechtzeitig und unter Etat fertiggestellt. Wir freuen uns auf eine Fortsetzung unserer Arbeit mit der kurdischen Regionalregierung, um diese wichtige Entdeckung zu begutachten und zu erschließen."
Der Atrush-Block wird durch das Gemeinschaftsunternehmen General Exploration Partners Inc. betrieben (GEP), das 80% Working Interest am Block hält. Aspect Holdings, LLC hat durch seine Tochtergesellschaft Aspect Energy International LLC einen Anteil von 66,5% und ShaMaran Petroleum Corp. hat durch seine hundertprozentige Tochtergesellschaft ShaMaran Ventures BV einen Anteil von 33,5% an GEP. Marathon Oil KDV B.V., eine hundertprozentige Tochtergesellschaft der Marathon Oil Corporation (NYSE: MRO), hält einen Anteil von 20% am Block.
Über Aspect Holdings, LLC und Aspect Energy International, LLC
Aspect Holdings, LLC, ist eine nicht börsennotierte, unabhängige Erschließungs- und Energie-Investmentgesellschaft, die im Bereich Explorations- und Produktionstätigkeiten durch angeschlossene Unternehmen und Tochtergesellschaften weltweit tätig ist, darunter in den Vereinigten Staaten, Mittel- und Osteuropa und im Nahen Osten. Aspect Energy International, LLC ist eine hundertprozentige Tochtergesellschaft der Aspect Holdings. Bitte richten Sie weitere Anfragen an Matthew Alley -- malley@aspectenergy.com.
Über ShaMaran
ShaMaran Petroleum Corp. ist ein auf Kurdistan spezialisiertes Unternehmen für Ölexploration und -erschließung. ShaMaran Petroleum ist eine kanadische Erdöl- und Erdgasfirma, die an der TSX Venture Exchange mit dem Kürzel SNM sowie im NASDAQ OMX First North mit dem Kürzel SNM notiert wird.
http://www.marketwire.com/press-release/atrush-2-quelle-förd…
--------------
SOURCE: General Exploration Partners, Inc.
September 14, 2012 13:49 ET
Atrush-2-Quelle fördert 42.212 Barrel pro Tag
DENVER, CO--(Marketwire - Sep 14, 2012) - General Exploration Partners Inc. ("GEP" oder das "Unternehmen") hat ein umfangreiches Testprogramm zur Atrush-2-Explorations- und Evaluierungsquelle ("AT-2") durchgeführt und 3,1 Kilometer östlich und in Fallrichtung der Atrush-1-Aufschlussquelle ("AT-1") in der Region Kurdistan im Irak gebohrt.
AT-2 war am 23. Mai 2012 angebohrt worden und erreichte in 49 Tagen die geplante Gesamttiefe von 1750 Metern. Das Bohrloch wurde rechtzeitig und 30% unter dem geplanten Budget gebohrt.
Das neue Barsarin-Sargelu-Alan-Mus (BSAM) Reservoir Oil Down To wurde 97 Meter tiefer gefunden als das mit AT-1 erkundete Reservoir. Reservoir-Intervalle innerhalb des jurazeitlichen Adaiyah und der obere Teil der Butmah-Formation waren auch erdölführend.
Drei Drillstem-Tests (DST) wurden über dem BSAM-Reservoir des wichtigsten Jura-Fundes durchgeführt. Eine kombinierte Rate von bis zu 42.212 Barrel Öl pro Tag (bopd) wurde durch den Einsatz einer versenkbaren Elektropumpe erzielt. Die Testrate wurde durch Oberflächentestgeräte begrenzt. Keiner der Tests ergab messbare Mengen Formationswasser.
Unterschiedliches DSTs wurden auch in den Butmah- und Adaiyah-Formationen durchgeführt. Das stark gebrochene Oberteil des Butmah, das pro Tag bis zu maximal 1450 Barrel unter Stickstoffheber und gegen Ende des kurzen Tests lieferte, produzierte trockenes Öl vom Grad 9 API. Ein Reservoirbereich innerhalb des Adaiyah-Anhydrits lieferte bis zu bis 500 bopd trockenes Öl mit Grad 11 API unter Stickstoffheber. Gemäß des "Production Sharing Contract" hat GEP dem Ministerium für natürliche Ressourcen der Regionalregierung in Kurdistan eine Nachricht bezüglich der Erkundung vorgelegt.
Unterdessen wurde im östlichen Teil des Atrush-Blockes die zweite Phase der seismischen 3D-Erfassungs abgeschlossen und ermöglichte GEP eine 3D-Aufnahme des gesamten Blocks. Eine Ausschreibung läuft für die Verpachtung einer Extended Well Test Facility (EWTF), wobei der Zuschlag in Kürze erwartet wird. Es liegen Pläne für eine erneut angeschlossene AT-1 vor, die Anfang 2013 mit der EWTF verbunden werden soll.
Alex Cranberg, Vorsitzender von Aspect Holdings, kommentierte: "Wir sind von den Resultaten der AT-2-Sondierung und der Beurteilung des Bohrlochs begeistert. Das Bohrloch erreichte drei wichtige Ziele -- Entdeckung des zusätzlichen Ressourcenpotenzials in Butmah und Adaiyah; das Öl im BSAM 97 Meter weiter unten anzutreffen, ohne auf Öl-/Wasserkontakt zu stoßen; und der Nachweis der bedeutenden Produktionskapazität des BSAM-Reservoirs. Von operativer Seite aus betrachtet hat unser Team wirklich gute Arbeit geleistet und das Bohrloch rechtzeitig und unter Etat fertiggestellt. Wir freuen uns auf eine Fortsetzung unserer Arbeit mit der kurdischen Regionalregierung, um diese wichtige Entdeckung zu begutachten und zu erschließen."
Der Atrush-Block wird durch das Gemeinschaftsunternehmen General Exploration Partners Inc. betrieben (GEP), das 80% Working Interest am Block hält. Aspect Holdings, LLC hat durch seine Tochtergesellschaft Aspect Energy International LLC einen Anteil von 66,5% und ShaMaran Petroleum Corp. hat durch seine hundertprozentige Tochtergesellschaft ShaMaran Ventures BV einen Anteil von 33,5% an GEP. Marathon Oil KDV B.V., eine hundertprozentige Tochtergesellschaft der Marathon Oil Corporation (NYSE: MRO), hält einen Anteil von 20% am Block.
Über Aspect Holdings, LLC und Aspect Energy International, LLC
Aspect Holdings, LLC, ist eine nicht börsennotierte, unabhängige Erschließungs- und Energie-Investmentgesellschaft, die im Bereich Explorations- und Produktionstätigkeiten durch angeschlossene Unternehmen und Tochtergesellschaften weltweit tätig ist, darunter in den Vereinigten Staaten, Mittel- und Osteuropa und im Nahen Osten. Aspect Energy International, LLC ist eine hundertprozentige Tochtergesellschaft der Aspect Holdings. Bitte richten Sie weitere Anfragen an Matthew Alley -- malley@aspectenergy.com.
Über ShaMaran
ShaMaran Petroleum Corp. ist ein auf Kurdistan spezialisiertes Unternehmen für Ölexploration und -erschließung. ShaMaran Petroleum ist eine kanadische Erdöl- und Erdgasfirma, die an der TSX Venture Exchange mit dem Kürzel SNM sowie im NASDAQ OMX First North mit dem Kürzel SNM notiert wird.
http://www.marketwire.com/press-release/atrush-2-quelle-förd…
Trading Spotlight
... hier kommt er schon. Es handelt sich zwar um keine wissenschaftlich belastbare Quelle, aber die Statements geben schon Zuversicht.
SNM als "Winzling" zu bezeichnen ist aber nicht nett von Forbes
.
--------------
9/13/2012 @ 4:47PM
Newest Iraqi Gusher Could Make Texas Oilman A Billionaire
On Thursday, publicly traded ShaMaran Petroleum announced that a new well drilled into the Atrush exploration block in the Kurdish region of Iraq was tested at a flowrate of more than 42,000 barrels of oil per day.
This is a colossal well, the likes of which hasn’t been seen onshore in the United States in decades. By comparison, most new wells drilled in the Bakken play of North Dakota are lucky to do 1,000 bpd for the first few weeks before quickly falling off.
So who’s celebrating — aside from the Iraqi Kurds, of course, who are set to receive hefty royalties on every barrel recovered?
Well, shares of ShaMaran (TSX Venture:SNM or OMX:SNM) are up 30% today, adding about $100 million to the market cap of the Toronto-listed pipsqueak. But ShaMaran is not the biggest stakeholder in the Atrush finds.
The license for the Atrush block is 80% held by General Exploration Partners (GEP), and 20% by Houston-based Marathon Oil.
GEP is a joint venture, 33.5% owned by ShaMaran Petroleum and 66.5% by Aspect Energy International. That makes Aspect the biggest beneficiary of this find, with a 53% stake in the Atrush block.
Aspect Energy International is a subsidary of Aspect Holdings, which has offices in Austin, Tex. and Denver, Colo. and is controlled by Alex Cranberg.
Cranberg, 57, is best known for being a member of the University of Texas board of regents. He has been in the oil business for at least 20 years now. But there’s not a lot of public information on him. His companies produce oil and gas on the U.S. Gulf Coast as well as in Belize and Hungary. He is said to have a massive library of 3-d seismic data covering 14,000 square miles of the Gulf coast. In 2006 he helped raise $1 billion with Quantum Resources for a fund to invest in producing oil and gas fields. Based on SEC filings, his shares in QR Energy LP appear to be worth more than $300 million. One of Quantum’s portfolio investments, a JV with the Ute Indian tribe of Utah called Ute Energy, has filed to go public. In 2008, a joint venture with private equity giant First Reserve, called Aspect Abundant Shale, sold its holdings in the Barnett shale for $170 million.
But this Kurdish field is in a different realm altogether.
Yet this new well, called Atrush-2, is just one in a string of gushers found in northern Iraq in recent years, and it follows on the success of Atrush-1, about a mile and a half away. That discovery well was tested at 6,400 bpd and indicated “pay zones” of more than 300 feet thick.
In an email response to questions from Forbes, Cranberg wrote that he was not surprised by the success of the new Atrush well, and he believes the two wells communicate, that is, they are tapping the same reservoirs. Cranberg declined to give any estimates of the size of this prize, but the presumption by ShaMaran is that they’re looking at hundreds of millions of barrels.
How fast can Atrush be brought online? “We expect to be a material part of the 1 million barrels/day output capacity that Minister Ashti has targeted for the end of 2014,” wrote Cranberg to Forbes. “We hope to begin longer term production testing over the next 6 months.”
Considering that ShaMaran’s market cap gained $100 million on the Atrush news, Cranberg is looking at a hefty windfall. But that’s not the word he would use: “Probably ‘windfall’ is not an appropriate term for the result of a large, long term investment in a risky endeavour like a wildcat well; the partners in the project have over $130 million invested to date,” Cranberg wrote.
Cranberg wouldn’t say anything about plans to sell off a part of his Atrush investment. But even if he were to do so, he says he’s in Iraq for the long haul. ”I am a big believer in the Kurdish Region and its long term prospects for prosperity. I intend always to be an investor in Kurdistan one way or another. I invest in places that I believe in; the aspirations of the Kurdish people for prosperity and freedom are compelling to me. I hope that eventually central governments around the world come to realize that stability and prosperity is better obtained by allowing regions to have autonomy like the states of the United States have, and that excessive power in central governments (including our own) is dangerous and counterproductive.”
Here’s some more insights from Cranberg on Iraq, world oil supplies, and the Obama administration’s energy policy:
FORBES: Is there any where else in the world where oil companies have the potential to make discoveries as big as in northern Iraq?
Cranberg: The world is filled with opportunity as most oil is still either undiscovered or discovered and not yet producible economically. That said, there is perhaps no other place in the world onshore where the development has been so retarded by hostile regimes that such vast resources have been allowed to go unlooked for until now.
FORBES: How long before Baghdad realizes that the Kurds have the right model and rewrite contracts in the south?
Cranberg: There is no “right” model for every place. In fact that is the whole point of the value of regional autonomy. Kurdistan’s success is proof of appropriateness of its policies for its own needs. Other regions will experiment with different models until hopefully each finds the right formula for their own needs and type of investment requirement. Opportunities in Southern Iraq for example are more about field exploitation, while Kurdistan has been an exploration frontier with no producing fields and very few wells drilled at all.
FORBES: What do you envision the Kurdish oil industry will look like in 10 years?
Cranberg: It is and will continue to be one of the world’s most dynamic, positive and high growth petroleum provinces. It will provide a material part of the energy security picture for Turkey, Europe and therefore the world.
FORBES: Which U.S. plays do you find particularly interesting now?
Cranberg: The oil shale plays are amazing resource plays that compare to anything in the Middle East. The vitality and capacity for innovation of the U.S. oil industry is second to none. As a result, the United States enjoys a $300 billion stimulus package every year from the low gas prices it pays, compared to Europe.
FORBES: What do you think about the likelihood of the United States becoming independent of the rest of the world for oil supplies?
Cranberg: The oil market is a global market. As such, even if the United States produced enough oil for its own needs, the price for its oil would always reflect global supply and demand factors. But we can insure against physical supply cutoffs and generate enormous job and economic opportunity from local development. North America, including Canada can certainly produce enough oil to serve the continent’s needs if oil production from public lands grow as rapidly as oil production from private lands. Right now unfortunately production is only growing from private lands, while excessive and unnecessary regulation and delay from the Obama administration continues to stifle production and jobs growth from public lands.
With his success in Iraq so far, Cranberg joins a rarefied group of private U.S. oil operators with big stakes in Iraq. Ross Perot Jr.’s Hillwood International controls a license in the Sarsang block, where the Swara Tika-1 discovery last year tested at a flow rate of 7,000 bpd. And Ray Lee Hunt’s Hunt Oil has a 60% stake in the Ain Sifni concession, where they have found reservoirs with an estimated 900 million recoverable barrels.
If Atrush turns out as good as it looks, Cranberg could soon be joining Hunt and Perot in the billionaire ranks. In a note Thursday, oil industry analysts Tudor, Pickering & Holt figure that ShaMaran’s stake in the Atrush block could be as much as $500 million, making the company a solid takeover candidate. That would value Aspect/Cranberg’s stake at $1 billion.
http://www.forbes.com/sites/christopherhelman/2012/09/13/who…
SNM als "Winzling" zu bezeichnen ist aber nicht nett von Forbes
.--------------
9/13/2012 @ 4:47PM
Newest Iraqi Gusher Could Make Texas Oilman A Billionaire
On Thursday, publicly traded ShaMaran Petroleum announced that a new well drilled into the Atrush exploration block in the Kurdish region of Iraq was tested at a flowrate of more than 42,000 barrels of oil per day.
This is a colossal well, the likes of which hasn’t been seen onshore in the United States in decades. By comparison, most new wells drilled in the Bakken play of North Dakota are lucky to do 1,000 bpd for the first few weeks before quickly falling off.
So who’s celebrating — aside from the Iraqi Kurds, of course, who are set to receive hefty royalties on every barrel recovered?
Well, shares of ShaMaran (TSX Venture:SNM or OMX:SNM) are up 30% today, adding about $100 million to the market cap of the Toronto-listed pipsqueak. But ShaMaran is not the biggest stakeholder in the Atrush finds.
The license for the Atrush block is 80% held by General Exploration Partners (GEP), and 20% by Houston-based Marathon Oil.
GEP is a joint venture, 33.5% owned by ShaMaran Petroleum and 66.5% by Aspect Energy International. That makes Aspect the biggest beneficiary of this find, with a 53% stake in the Atrush block.
Aspect Energy International is a subsidary of Aspect Holdings, which has offices in Austin, Tex. and Denver, Colo. and is controlled by Alex Cranberg.
Cranberg, 57, is best known for being a member of the University of Texas board of regents. He has been in the oil business for at least 20 years now. But there’s not a lot of public information on him. His companies produce oil and gas on the U.S. Gulf Coast as well as in Belize and Hungary. He is said to have a massive library of 3-d seismic data covering 14,000 square miles of the Gulf coast. In 2006 he helped raise $1 billion with Quantum Resources for a fund to invest in producing oil and gas fields. Based on SEC filings, his shares in QR Energy LP appear to be worth more than $300 million. One of Quantum’s portfolio investments, a JV with the Ute Indian tribe of Utah called Ute Energy, has filed to go public. In 2008, a joint venture with private equity giant First Reserve, called Aspect Abundant Shale, sold its holdings in the Barnett shale for $170 million.
But this Kurdish field is in a different realm altogether.
Yet this new well, called Atrush-2, is just one in a string of gushers found in northern Iraq in recent years, and it follows on the success of Atrush-1, about a mile and a half away. That discovery well was tested at 6,400 bpd and indicated “pay zones” of more than 300 feet thick.
In an email response to questions from Forbes, Cranberg wrote that he was not surprised by the success of the new Atrush well, and he believes the two wells communicate, that is, they are tapping the same reservoirs. Cranberg declined to give any estimates of the size of this prize, but the presumption by ShaMaran is that they’re looking at hundreds of millions of barrels.
How fast can Atrush be brought online? “We expect to be a material part of the 1 million barrels/day output capacity that Minister Ashti has targeted for the end of 2014,” wrote Cranberg to Forbes. “We hope to begin longer term production testing over the next 6 months.”
Considering that ShaMaran’s market cap gained $100 million on the Atrush news, Cranberg is looking at a hefty windfall. But that’s not the word he would use: “Probably ‘windfall’ is not an appropriate term for the result of a large, long term investment in a risky endeavour like a wildcat well; the partners in the project have over $130 million invested to date,” Cranberg wrote.
Cranberg wouldn’t say anything about plans to sell off a part of his Atrush investment. But even if he were to do so, he says he’s in Iraq for the long haul. ”I am a big believer in the Kurdish Region and its long term prospects for prosperity. I intend always to be an investor in Kurdistan one way or another. I invest in places that I believe in; the aspirations of the Kurdish people for prosperity and freedom are compelling to me. I hope that eventually central governments around the world come to realize that stability and prosperity is better obtained by allowing regions to have autonomy like the states of the United States have, and that excessive power in central governments (including our own) is dangerous and counterproductive.”
Here’s some more insights from Cranberg on Iraq, world oil supplies, and the Obama administration’s energy policy:
FORBES: Is there any where else in the world where oil companies have the potential to make discoveries as big as in northern Iraq?
Cranberg: The world is filled with opportunity as most oil is still either undiscovered or discovered and not yet producible economically. That said, there is perhaps no other place in the world onshore where the development has been so retarded by hostile regimes that such vast resources have been allowed to go unlooked for until now.
FORBES: How long before Baghdad realizes that the Kurds have the right model and rewrite contracts in the south?
Cranberg: There is no “right” model for every place. In fact that is the whole point of the value of regional autonomy. Kurdistan’s success is proof of appropriateness of its policies for its own needs. Other regions will experiment with different models until hopefully each finds the right formula for their own needs and type of investment requirement. Opportunities in Southern Iraq for example are more about field exploitation, while Kurdistan has been an exploration frontier with no producing fields and very few wells drilled at all.
FORBES: What do you envision the Kurdish oil industry will look like in 10 years?
Cranberg: It is and will continue to be one of the world’s most dynamic, positive and high growth petroleum provinces. It will provide a material part of the energy security picture for Turkey, Europe and therefore the world.
FORBES: Which U.S. plays do you find particularly interesting now?
Cranberg: The oil shale plays are amazing resource plays that compare to anything in the Middle East. The vitality and capacity for innovation of the U.S. oil industry is second to none. As a result, the United States enjoys a $300 billion stimulus package every year from the low gas prices it pays, compared to Europe.
FORBES: What do you think about the likelihood of the United States becoming independent of the rest of the world for oil supplies?
Cranberg: The oil market is a global market. As such, even if the United States produced enough oil for its own needs, the price for its oil would always reflect global supply and demand factors. But we can insure against physical supply cutoffs and generate enormous job and economic opportunity from local development. North America, including Canada can certainly produce enough oil to serve the continent’s needs if oil production from public lands grow as rapidly as oil production from private lands. Right now unfortunately production is only growing from private lands, while excessive and unnecessary regulation and delay from the Obama administration continues to stifle production and jobs growth from public lands.
With his success in Iraq so far, Cranberg joins a rarefied group of private U.S. oil operators with big stakes in Iraq. Ross Perot Jr.’s Hillwood International controls a license in the Sarsang block, where the Swara Tika-1 discovery last year tested at a flow rate of 7,000 bpd. And Ray Lee Hunt’s Hunt Oil has a 60% stake in the Ain Sifni concession, where they have found reservoirs with an estimated 900 million recoverable barrels.
If Atrush turns out as good as it looks, Cranberg could soon be joining Hunt and Perot in the billionaire ranks. In a note Thursday, oil industry analysts Tudor, Pickering & Holt figure that ShaMaran’s stake in the Atrush block could be as much as $500 million, making the company a solid takeover candidate. That would value Aspect/Cranberg’s stake at $1 billion.
http://www.forbes.com/sites/christopherhelman/2012/09/13/who…
Antwort auf Beitrag Nr.: 43.608.995 von kl_hase am 15.09.12 18:43:43Hallo kl_hase, ein klares Nein. Weder früher, noch heute.
Die Situation ist derzeit so: Operator ist GEP (General Exploration Partner) mit einem Working Interesst (Anteil) von 80%, die anderen 20% hat Marathon Oil. GEP ist zu 66,5% im Besitz von Aspect Holdings und zu 33,5% im Besitz von ShaMaran. Damit besitzt SNM einen WI von 26,8% (0,8*0,335).
Zu Aspect gibt es einen interessanten Beitrag, ich stelle den gleich mal ein...
Die Situation ist derzeit so: Operator ist GEP (General Exploration Partner) mit einem Working Interesst (Anteil) von 80%, die anderen 20% hat Marathon Oil. GEP ist zu 66,5% im Besitz von Aspect Holdings und zu 33,5% im Besitz von ShaMaran. Damit besitzt SNM einen WI von 26,8% (0,8*0,335).
Zu Aspect gibt es einen interessanten Beitrag, ich stelle den gleich mal ein...
war shamaran alleiniger operator auf Atrush-2??
Die Technik sagt: "Alles im grünen Bereich".
..............
Shamaran Petroleum Corp. (SNM.VN)
0.375+0.080 (+27.12%) 3:59P EST (TSX-V)
Detailed Opinion as of Friday, Sep 14th, 2012
Detailed Opinion
Composite Indicators | Signal | Strength | Direction
TrendSpotter Buy Maximum Strongest
Short Term Indicators 7 Day Average Directional Indicator Buy Maximum Strongest
10 - 8 Day Moving Average Hilo Channel Buy Maximum Strongest
20 Day Moving Average vs Price Buy Maximum Strongest
20 - 50 Day MACD Oscillator Buy Maximum Strengthening
20 Day Bollinger Bands Buy Maximum Strongest
Short Term Indicators Average: 100% Buy
20-Day Average Volume - 1,872,831
Medium Term Indicators
40 Day Commodity Channel Index Buy Maximum Strongest
50 Day Moving Average vs Price Buy Maximum Strongest
20 - 100 Day MACD Oscillator Buy Maximum Strongest
50 Day Parabolic Time/Price Buy Maximum Strongest
Medium Term Indicators Average: 100% Buy
50-Day Average Volume - 1,269,240
Long Term Indicators
60 Day Commodity Channel Index Buy Strong Strongest
100 Day Moving Average vs Price Buy Maximum Strongest
50 - 100 Day MACD Oscillator Buy Weak Strongest
Long Term Indicators Average: 100% Buy
100-Day Average Volume - 835,933
Overall Average: 100% Buy
Price Support Pivot Point Resistance
0.375 0.325 0.390 0.455
http://www.barchart.com/opinions/stocks/SNM.VN
..............
Shamaran Petroleum Corp. (SNM.VN)
0.375+0.080 (+27.12%) 3:59P EST (TSX-V)
Detailed Opinion as of Friday, Sep 14th, 2012
Detailed Opinion
Composite Indicators | Signal | Strength | Direction
TrendSpotter Buy Maximum Strongest
Short Term Indicators 7 Day Average Directional Indicator Buy Maximum Strongest
10 - 8 Day Moving Average Hilo Channel Buy Maximum Strongest
20 Day Moving Average vs Price Buy Maximum Strongest
20 - 50 Day MACD Oscillator Buy Maximum Strengthening
20 Day Bollinger Bands Buy Maximum Strongest
Short Term Indicators Average: 100% Buy
20-Day Average Volume - 1,872,831
Medium Term Indicators
40 Day Commodity Channel Index Buy Maximum Strongest
50 Day Moving Average vs Price Buy Maximum Strongest
20 - 100 Day MACD Oscillator Buy Maximum Strongest
50 Day Parabolic Time/Price Buy Maximum Strongest
Medium Term Indicators Average: 100% Buy
50-Day Average Volume - 1,269,240
Long Term Indicators
60 Day Commodity Channel Index Buy Strong Strongest
100 Day Moving Average vs Price Buy Maximum Strongest
50 - 100 Day MACD Oscillator Buy Weak Strongest
Long Term Indicators Average: 100% Buy
100-Day Average Volume - 835,933
Overall Average: 100% Buy
Price Support Pivot Point Resistance
0.375 0.325 0.390 0.455
http://www.barchart.com/opinions/stocks/SNM.VN
Eine sehr wichtige Nachricht kommt aus der Politik; scheinbar gibt es einen Konsens zwischen Erbil und Bagdad!
Das wäre wahrhaftig ein weiterer Schritt in die richtige Richtung.
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Baghdad and Erbil Reach Agreement On Oil
Posted on 14 September 2012. Tags: Baghdad, Erbil, Kurdistan, Oil & Gas
The central government of Iraq has agreed to pay the oil companies operating in Kurdistan, the northern, semi-autonomous region of Iraq, and to raise oil production to 200,000 barrels per day.
The official Iraqiya TV station announced on Thursday that “A meeting was held between the two Governments to settle the pending issues between both sides where the meeting reached an agreement to pay the dues of the oil companies working at the Kurdistan Region and to continue exporting the oil and increase its production of oil up to 200,000 barrel per day.”
But a spokesperson for Iraqi Prime Minister Nouri al-Maliki said a few weeks ago that the Kurdistan Regional Government could have up to $3bn deducted from its near $11bn budget as a punishment for signing “illegal” energy deals with oil companies.
The central and regional government have been unable to agree a common oil and gas law since one was first presented in 2007.
http://www.iraq-businessnews.com/2012/09/14/baghdad-and-erbi…
Das wäre wahrhaftig ein weiterer Schritt in die richtige Richtung.
-----------
Baghdad and Erbil Reach Agreement On Oil
Posted on 14 September 2012. Tags: Baghdad, Erbil, Kurdistan, Oil & Gas
The central government of Iraq has agreed to pay the oil companies operating in Kurdistan, the northern, semi-autonomous region of Iraq, and to raise oil production to 200,000 barrels per day.
The official Iraqiya TV station announced on Thursday that “A meeting was held between the two Governments to settle the pending issues between both sides where the meeting reached an agreement to pay the dues of the oil companies working at the Kurdistan Region and to continue exporting the oil and increase its production of oil up to 200,000 barrel per day.”
But a spokesperson for Iraqi Prime Minister Nouri al-Maliki said a few weeks ago that the Kurdistan Regional Government could have up to $3bn deducted from its near $11bn budget as a punishment for signing “illegal” energy deals with oil companies.
The central and regional government have been unable to agree a common oil and gas law since one was first presented in 2007.
http://www.iraq-businessnews.com/2012/09/14/baghdad-and-erbi…
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