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

VANCOUVER, Nov. 19, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to the Company’s November 18, 2018 news release advising of developments which have led to the expiry of the Marathon acquisition.  Under the terms of the Company’s Bond Agreement (ISIN NO 00108264456) the expiry of the Marathon acquisition creates a Marathon Transaction Longstop Event whereby $50 million plus accrued interest will be repaid to bondholders. While the Company considers its options, it is proposing to seek a waiver from bondholders to keep the $50 million restricted cash on … Continue Reading

VANCOUVER, Nov. 18, 2018 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agreement (the “SPA”) with Marathon Oil KDV B.V. (“MOKDV”) ,a wholly owned subsidiary of Marathon Oil Corporation (“Marathon”), to acquire from MOKDV a further 15% working interest in the Atrush Block Production Sharing Contract in the Kurdistan Region of Iraq (“the Acquisition”). View PDF Version

The underlying agreements governing the development and operation … Continue Reading

VANCOUVER, Nov. 7, 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 nine months ended September 30, 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, 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