ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. , 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 . 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 [...]

ShaMaran Petroleum Corp. provides the following update to stakeholders. View PDF The Company confirms that a payment of $21.4 million 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 [...]

ShaMaran Petroleum Corp. 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 [...]

ShaMaran Petroleum Corp. 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, and the deposit of US$ 22.8 million 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 as previously reported in the [...]

ShaMaran Petroleum Corp. provides the following update to stakeholders. View PDF version The Company confirms that a payment of $12.5 million 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 [...]

ShaMaran Petroleum Corp. 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 . 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 [...]

ShaMaran Petroleum Corp. provides the following update to stakeholders in connection with the Company's news release dated June 25, 2020 regarding the Proposal that was submitted to the Bondholders relating to the Company's 12% senior unsecured bonds due 2023 . View PDF version ShaMaran is pleased to announce that the Proposal has been approved by the affirmative vote of more than 66 2/3% of the Bondholders regarding the [...]

ShaMaran Petroleum Corp. 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 The Company has been in discussions with the informal Ad Hoc Committee representing approximately more than 50% of the [...]

ShaMaran Petroleum Corp. provides the following update to stakeholders. View PDF Version. The Company confirms that a payment of $6.9 million has been received from the Kurdistan Regional Government 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 [...]

ShaMaran Petroleum Corp. refers to the breach of financial covenant and liquidity shortfall announcements made by the Company on May 11, 2020. The Company continues to examine alternatives to address the breach and imminent liquidity shortfall, and reports that difficult discussions with its largest independent bondholders are continuing. No assurance can be given as to the outcome of any resolution to the breach and [...]