VANCOUVER, May 15, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce changes to its senior management and Board of Directors. View PDF version.

Dr. Adel Chaouch has been appointed as the President and Chief Executive Officer of ShaMaran and as a member of the ShaMaran Board of Directors (“the Board”) and will replace Mr. Chris Bruijnzeels who has resigned as President and Chief Executive Officer with effect from May 15, 2019.  Also on May 15, 2019 Mr. Chris Bruijnzeels has been appointed as Chairman … Continue Reading

VANCOUVER, May 8, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) is pleased to announce its financial and operating results for the three months ended March 31, 2019. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars.

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HIGHLIGHTS

VANCOUVER, April 3, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to its previous news release of December 27, 2018 in which it announced its proposal to acquire a 7.5% participating interest in the Atrush Block from Marathon Oil KDV B.V. (“MOKDV”). To facilitate regulatory approval the parties have agreed to restructure the previously announced deal as a back-to-back asset purchase and sale to simplify the transaction and still achieve the same final outcome. Under the terms of two new separate purchase and sale agreements (“SPA”s) ShaMaran’s wholly owned … Continue Reading

VANCOUVER, March 8, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) is pleased to announce its financial and operating results for the year ended December 31, 2018. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. View PDF version.

HIGHLIGHTS

VANCOUVER, Feb. 15, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq First North: SNM) is pleased to report an increase by 11% in estimated Proven plus Probable (“2P”) Oil Reserves for the Atrush block as of December 31, 2018 after accounting for Atrush 2018 production. This equates to a 2P Reserves replacement ratio of 2018 production of 140%. 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 … Continue Reading

VANCOUVER, Feb. 4, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq First North: SNM) has been required by Nasdaq First North to issue this correction to its January 31, 2019 news release to include the telephone number and email address of its certified advisor, Pareto Securities AB. There are no other material changes to the original news release. View PDF Version.

The Company reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.

As a result of the issuance in January 2019 of 2,000,000 … Continue Reading

VANCOUVER, Feb. 4, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) has been required by Nasdaq First North to issue this correction to its February 1, 2019 news release to include the telephone number and email address of its certified advisor, Pareto Securities AB. There are no other material changes to the original news release. View PDF Version.

The Company refers to its previous news release of December 27, 2018 in which it announced its proposal to acquire an additional 7.5% participating interest in the Atrush Block (the “Acquisition”).

ShaMaran … Continue Reading

VANCOUVER, Feb 1, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to its previous news release of December 27, 2018 in which it announced its proposal to acquire an additional 7.5% participating interest in the Atrush Block (the “Acquisition”). View PDF version

ShaMaran is pleased to announce that bondholders have voted in favour of the Company’s proposal to amend certain terms of the Company’s Bond Agreement (ISIN NO 00108264456) as follows:

VANCOUVER, Jan. 31, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm: SNM) reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF version.

As a result of the issuance in January 2018 of 2,000,000 common shares to Nemesia S.à.r.l., in connection with the previously disclosed Liquidity Guarantee provided in connection with the Company’s July 2018 bond issue, the number of issued and outstanding shares of the Company is 2,160,631,534 common shares with voting rights.

Additional Information

The information in this … Continue Reading

VANCOUVER, Jan. 14, 2019 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) has updated its corporate presentation. The new presentation has been posted on ShaMaran’s website under https://www.shamaranpetroleum.com/investors/presentations-videos/.  View PDF Version

The presentation contains an operational update as well as an update of the year end 2018 financial position.

OTHER
This is information that ShaMaran Petroleum Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the persons below at 5:30 p.m. EST on January 14, 2019.

ABOUT SHAMARAN

ShaMaran Petroleum … Continue Reading

VANCOUVER, Dec. 27, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to its previous news releases of June 4, 2018 and November 18, 2018 in which it announced developments in its proposal to acquire a 15% participating interest in the Atrush Block from Marathon Oil KDV B.V. (“MOKDV”). View PDF version.

ShaMaran is pleased to announce that it and TAQA Atrush BV (“TAQA”), Operator of the Atrush Block, have agreed jointly to acquire from Marathon its 15% participating interest in the Atrush Block held through MOKDV in equal … Continue Reading

VANCOUVER, Dec. 5, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm: SNM) is pleased to announce the appointment of Mike Ebsary to ShaMaran’s Board of Directors (“the Board”). The appointment is effective January 1, 2019. Mr. Ebsary will replace Mr. Ashley Heppenstall who has resigned from the Board with effect from December 31, 2018 to conform with industry corporate governance recommendations regarding the maximum number of non-executive director appointments per individual. View PDF Version

Mr. Ebsary was previously the Chief Executive Officer, and a director of Oryx Petroleum Corporation Limited during … Continue Reading