VANCOUVER, BC, Sept. 28, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market: SNM) provides the following update to stakeholders. View PDF Version

The Company confirms that a payment of $20 million ($6.8 million net to the Company) has been received from the Kurdistan Regional Government for Atrush oil sales invoice entitlements for the month of August 2020.

OTHER

This information is information that ShaMaran Petroleum Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of … Continue Reading

VANCOUVER, BC, Sept. 23, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) notes the movement in its share price and the market reports of an interest in the Company. Dr. Adel Chaouch, President and CEO of the Company confirms that ShaMaran has not received any expression of interest from Abu Dhabi National Energy Company (commonly known as TAQA) and wishes to specify that ShaMaran does not comment on market rumours and speculations. View PDF version

OTHER

The information was submitted for publication, through the agency of the contact … Continue Reading

VANCOUVER, BC, Sept. 17, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market), an oil and gas company with a producing asset in the Kurdistan Region of Iraq, is pleased to announce that it will be hosting a virtual town hall meeting on September 24, 2020 at 18:00 CET (12:00 ET). View PDF version

President and CEO, Dr. Adel Chaouch will present an update on the Company’s operations and future plans.  ShaMaran’s Atrush oil field is the third largest oil producer in oil-rich Kurdistan, currently producing … Continue Reading

VANCOUVER, BC, Sept. 4, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market: SNM) provides the following update to stakeholders. View PDF

The Company confirms that a payment of $21.4 million ($6.5 million net to the Company) has been received from the Kurdistan Regional Government for Atrush oil sales invoice entitlements for the month of July 2020.

OTHER

This information is information that ShaMaran Petroleum Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the … Continue Reading

VANCOUVER, BC, Aug. 12, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) today released its financial and operating results and related management discussion and analysis for the three and six months ended June 30, 2020. All currency amounts indicated as “$” in this news release are expressed in United States dollars. View PDF version

ShaMaran President and CEO, Dr. Adel Chaouch commented, “We are very grateful to our stakeholders who continue to help the Company to find a path through the significant challenges imposed mainly by the macro economic events since … Continue Reading

VANCOUVER, BC, Aug. 6, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market: SNM) provides this announcement following the full drawdown of the Liquidity Guarantee issued by Nemesia S.á.r.l., a company controlled by a trust settled by the late Adolf H. Lundin,  (“Nemesia”) and the deposit of US$ 22.8 million (the “Principal Amount”) into the debt service retention account of the Company for use in paying obligations relating to the Company’s 12% senior unsecured  bonds due 2023 (ISIN: NO 001082645.6) as previously reported in the Company’s news releases dated June 25, … Continue Reading

VANCOUVER, BC, July 27, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) provides the following update to stakeholders. View PDF version

The Company confirms that a payment of $12.5 million ($4.5 million net to the Company) has been received from the Kurdistan Regional Government for Atrush crude oil sales during June 2020.

OTHER

This information is information that ShaMaran Petroleum Corp is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, … Continue Reading

VANCOUVER, BC, July 2, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) provides the following announcement to stakeholders in connection with the Company’s news release dated July 1, 2020 and regarding  the Bondholders of the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6). View PDF version

ShaMaran is pleased to announce that the July 2020 interest payment has been made to all Bondholders from the Company’s Debt Service Retention Account following a full drawdown of the Liquidity Guarantee issued by Nemesia S.á.r.l. in favor of Nordic Trust … Continue Reading

VANCOUVER, BC, June 25, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) provides the following update to stakeholders in connection with the Company’s news releases dated May 11, 2020 and June 11, 2020 that announced the breach of a financial covenant and imminent liquidity shortfall and recent discussions with its Bondholders: View PDF version

UPDATE ON DISCUSSIONS WITH BONDHOLDERS

The Company has been in discussions with the informal Ad Hoc Committee representing approximately more than 50% of the Bondholders (the “AHC”) regarding its 12% senior unsecured  bonds due 2023 (ISIN: NO … Continue Reading

VANCOUVER, June 19, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) provides the following update to stakeholders. View PDF Version.

The Company confirms that a payment of $6.9 million ($2.5 million net to the Company) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during May 2020.

OTHER

This information is information that ShaMaran Petroleum Corp is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons … Continue Reading

VANCOUVER, May 27, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) confirms that a payment of $1.4 million ($0.5 million net to the Company) has been received from the Kurdistan Regional Government for Atrush crude oil sales during April 2020. View PDF version

OTHER

This information is information that ShaMaran Petroleum Corp is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 1:00 p.m. Eastern Time on May … Continue Reading

VANCOUVER, May 11, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (OMX: SNM) today released its financial and operating results and related management discussion and analysis for the three months ended March 31, 2020. All currency amounts indicated as “$” in this news release are expressed in United States dollars. View PDF version

ShaMaran President and CEO, Dr. Adel Chaouch commented, “It is well known that these are tough times for the majority of oil companies around the world with profits linked to oil prices which have fallen dramatically this year. Since the … Continue Reading