Mr. Chris Bruijnzeels reports
SHAMARAN: ATRUSH DEVELOPMENT UPDATE - SPUD OF CK-7
Drilling operations have commenced on Shamaran Petroleum Corp.'s Chiya Khere (CK-7) appraisal and development well in the Atrush block in the Kurdistan region of Iraq. CK-7 is located in the central area of the Atrush block approximately three kilometres east of the Atrush 2 producing well and 3.5 kilometres west of the Atrush 3 appraisal well.
The main objectives of the well are to appraise the commercial potential of the Mus formation, to help reduce the uncertainty in the location of the medium to heavy oil transition zone and to serve as a further producing well.
The well will be drilled with the Romfor 25 drilling rig and is expected to take approximately 52 days. Planned total vertical depth for the well is approximately 1,575 metres.
About Shamaran
Petroleum Corp.
Shamaran Petroleum is a Kurdistan-focused oil development and exploration company with a 20.1-per-cent direct interest in the Atrush oil discovery. The Atrush block is currently undergoing an appraisal and development campaign.
Pareto Securities AB is the company's certified adviser on Nasdaq First North.
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