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

VANCOUVER, April 28, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) reports that following the announcements of ShaMaran’s 2019 year-end financial and operating results on March 3, 2020 and the 2020 Atrush guidance on February 25, 2020, the Company is today providing an operational, 2020 budget and financial update. View PDF Version.

OPERATIONAL UPDATE

In the current challenging operating environment, the priority of the Atrush co-venturers has been the safety and wellbeing of employees and third-party contractors working in our operations.  Business continuity has been assured through … Continue Reading

VANCOUVER, April 17, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) provides the following update to shareholders. View PDF Version.

The Company confirms that a payment of $9.6 million ($3.5 million net to the Company) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during March 2020.

It should be noted that a proposal has been received by the Company from the KRG to defer their payment of the Atrush crude oil sales for November 2019 – February 2020.  It is … Continue Reading

VANCOUVER, April 1, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, Nasdaq First North Growth Market) provides the following update to shareholders. View PDF Version

The Company confirms that a payment of $16.2 million ($4.6 million net to ShaMaran) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during October 2019. The payment is net of production bonus amounts owing to the KRG under the terms of the Atrush production sharing contract relating to the 25 million barrel cumulative production milestone reached in February, the Company’s share … Continue Reading

VANCOUVER, March 3, 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 and year ended December 31, 2019. All currency amounts indicated as “$” in this news release are expressed in United States dollars. View PDF Version.

“The Atrush Block delivered significant production growth as planned and ahead of schedule. In 2019, Atrush reached another production milestone, commissioned a new production facility and met production targets,” said ShaMaran President and CEO Dr. Adel Chaouch… Continue Reading

VANCOUVER, Feb. 25, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq First North: SNM) is pleased to provide Atrush guidance for the year 2020. View PDF Version.

We anticipate an increase in average daily production, lower average lifting costs, strong operating cash flow and prudent capital expenditures.

VANCOUVER, Feb. 20, 2020 /CNW/ – ShaMaran Petroleum Corp. (SNM: TSXV, Nasdaq First North Growth Market) (“ShaMaran” or the “Company”), an oil and gas company with a producing asset in the Kurdistan region of Iraq, announces that the Company’s President and CEO, Adel Chaouch, will be presenting at the SpareBank 1 Markets Energy Conference in Oslo on February 26, 2020.  Mr. Chaouch will present as part of a Kurdistan panel discussion between 11:00 a.m. and 12:15 a.m. CET and subsequently as part of a Lundin Group panel discussion between 12:45 a.m. and 13:45 a.m. CET. … Continue Reading

VANCOUVER, Feb. 17, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq First North Growth Market: SNM) is pleased to report that consistent strong reservoir performance in 2019 and the acquisition of an additional 7.5% working interest share in the Property last year has increased the Company’s gross 2P oil reserves from 21.3 MMbbls to 29.9 MMbbls which represents a 40% increase. This equates to an increase in 2P reserves NPV of over US$95 million (when using a 10% discount factor). View PDF version.

Adel Chaouch, President and CEO of ShaMaran, commented: … Continue Reading

VANCOUVER, Jan. 31, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX  VENTURE: SNM) (NASDAQ FIRST NORTH GROWTH MARKET: SNM) the Company confirms that a gross payment of $18 million ($7 million net to ShaMaran) has been received from the Kurdistan Regional Government for Atrush crude oil sales during September 2019. View PDF version

OTHER

This information is information that ShaMaran Petroleum 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, on January 31, 2020 at … Continue Reading

VANCOUVER, Jan. 17, 2020 /CNW/ – ShaMaran Petroleum Corp. (SNM: TSXV, Nasdaq First North Growth Market) (“ShaMaran” or the “Company”), an oil and gas company with producing assets in the Kurdistan region of Iraq, announces that the Company’s President and CEO, Adel Chaouch, will be presenting at the Pareto Securities E&P Independents Conference in London on January 22, 2020. View PDF Version.

A copy of the presentation will be available on ShaMaran’s website www.shamaranpetroleum.com and www.thelundingroup.com.

OTHER

The information was submitted for publication, through the agency of the contact persons set out below, on … Continue Reading

VANCOUVER, Jan. 8, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX  VENTURE: SNM) (NASDAQ FIRST NORTH GROWTH MARKET: SNM) confirms that a gross payment of $20.8 million ($7.7 million net to ShaMaran) has been received from the Kurdistan Regional Government for Atrush crude oil sales during August 2019. View PDF version.

OTHER

This information is information that ShaMaran Petroleum 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, on January 8, 2020 at 11:15 a.m. … Continue Reading