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

VANCOUVER, British Columbia, April 17, 2018 (GLOBE NEWSWIRE) — ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX-V:SNM) (Nasdaq Stockholm:SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 25.0 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 20.1 million for January 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 January 2018. These funds will be shared between the Atrush co-venturers according to … Continue Reading

VANCOUVER, British Columbia, April 03, 2018 (GLOBE NEWSWIRE) — ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:SNM) (OMX:SNM) reports that recent production in the Atrush field in Kurdistan has been negatively impacted by the accumulation of solids in the production facilities. Production for the first quarter 2018 averaged 23,600 bopd and production in March 2018 averaged 20,300 bopd.

During the last week, investigations have revealed a partial blockage of the heat exchanger by sediments. Sediment samples have been taken and will be analysed in the next weeks.

Production capacity through the facilities is currently limited to around 20,000 bopd. … Continue Reading

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — 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 17.5 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government as payment for December 2017 crude oil deliveries from the Atrush license to the export market. These funds will be shared between the Atrush co-venturers according to the terms of the agreements.

OTHER

This is information that ShaMaran Petroleum Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was … Continue Reading

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 9, 2018) – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for year ended December 31, 2017. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars.

Chris Bruijnzeels, President and CEO of ShaMaran, commented, “2017 was a defining year for ShaMaran with start of production in July 2017. I am encouraged by the production performance and the continued payments from the Kurdistan Regional Government which will allow us to continue investing in … Continue Reading

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 15, 2018) – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:SNM) (OMX:SNM) is pleased to report an increase by 25% in estimated Proven plus Probable (“2P”) Oil Reserves for the Atrush block as of December 31, 2017 after accounting for Atrush 2017 production. 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 51-101 and Canadian Oil and Gas Evaluation Handbook (COGEH).

Chris Bruijnzeels, President and CEO of ShaMaran, … Continue Reading

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 15, 2018) – 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 16.2 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government (“KRG”) as payment for November 2017 crude oil deliveries from the Atrush license to the export market. These funds will be shared between the Atrush co-venturers according to the terms of the agreements.

The Company also reports that a new agreement for the sale of Atrush oil has been executed between the Atrush co-venturers and the KRG. … Continue Reading

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 26, 2018) – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:SNM) (OMX:SNM) is pleased to announce the launch of its new website located at www.shamaranpetroleum.com.

The Company has also posted on the website a new Corporate Presentation which can be found at the following link: http://www.shamaranpetroleum.com/investors/corporate-presentations/.

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 2:30 p.m. Pacific Time on January 26, 2018.

ABOUT SHAMARAN

ShaMaran Petroleum Corp. is a … Continue Reading