VANCOUVER, Sept. 12, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the”Company”) (TSX VENTURE: SNM) (NasdaqStockholm First North: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 20.6 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government (“KRG”)comprised of payments of USD 15.7 million for June 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were due in September 2018. These funds will be shared between the Atrush co-venturers according … Continue Reading

VANCOUVER, Aug. 9, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 17.6 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 12.7 million for May 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were due in August 2018. These funds will be shared between the Atrush co-venturers according to … Continue Reading

VANCOUVER, Aug. 8, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) is pleased to announce its financial and operating results for the six months ended June 30, 2018. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. View in PDF Format.

HIGHLIGHTS

VANCOUVER, July 26, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm First North: SNM) is pleased to report that two further Atrush production wells, Chiya Khere 7 (“CK-7”) and Chiya Khere 10 (“CK-10”), came online on July 23, 2018 and July 25, 2018, respectively. View PDF Version

The Atrush field is currently producing at approximately 26,000 barrels of oil per day (“bopd”). It is planned to further increase production gradually.

CK-7 was completed and tested in March and April 2018.  During the final completion test the well produced 7,040 bopd at … Continue Reading

VANCOUVER, July 19, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm First North: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 13.7 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 8.9 million for April 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were due in July 2018. These funds will be shared between the Atrush … Continue Reading

VANCOUVER, July 5, 2018 /CNW/ –  ShaMaran Petroleum Corp. (“ShaMaran” or the “Corporation”) (TSX Venture: SNM), (NASDAQ First North: SNM) is pleased to announce that it has issued the USD 240 million senior unsecured bonds previously announced on June 19th, 2018 under ISIN NO 00108264456 and with settlement date of today. View PDF Version

Proceeds from the new bond issue have been used to retire the existing bonds of the Company’s wholly owned subsidiary, General Exploration Partners, Inc.

In connection with the bond issue, Nemesia S.à.r.l. (“Nemesia”), a company controlled by a trust settled by the estate … Continue Reading

VANCOUVER, June 25, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm: SNM) is pleased to report that, at the Company’s Annual General Meeting held today in Vancouver, shareholders received the consolidated audited financial statements of the Company for the year ended December 31, 2017 and approved all the resolutions put forward at the meeting, as follows: View PDF Version of News Release.

VANCOUVER, June 20, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm First North: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 18.9 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 14 million for March 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were due in June 2018. These funds will be shared between the Atrush … Continue Reading

VANCOUVER, June 19, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Corporation”) (TSX Venture: SNM), (NASDAQ First North: SNM) is pleased to announce the successfully placement of USD 240 million senior unsecured bonds. The net proceeds from the bonds will be used to refinance all the existing outstanding bonds issued by ShaMaran’s wholly owned subsidiary, General Exploration Partners Inc. (“GEP”), and to finance the Marathon acquisition as announced on June 4th, 2018. The new bonds have a five year maturity without amortization and carry 12% fixed semi-annual coupon. Settlement is expected to be on or about July … Continue Reading

VANCOUVER, June 4, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that it has entered into an agreement to acquire a further 15% working interest in the Production Sharing Contract – Atrush Block, Kurdistan Region of Iraq dated 10th November 2007, as amended from time to time, (the “Atrush PSC”) and certain other assets from Marathon Oil KDV B.V. (the “Acquisition”) for USD 60 million, subject to final closing adjustments. The Acquisition will increase ShaMaran’s working interest in Atrush from 20.1% to 35.1% and … Continue Reading

VANCOUVER, May 23, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq Stockholm First North: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 34.4 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 15.0 million for February 2018 crude oil deliveries from the Atrush license to the export market and of USD 19.4 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments. The latter constitutes payments  for four months, which were due in the months February … Continue Reading

VANCOUVER, May 9, 2018 /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, 2018. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars.

FIRST QUARTER HIGHLIGHTS