ShaMaran Petroleum Corp. 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 the expiry of the Marathon acquisition creates a Marathon Transaction Longstop Event whereby $50 million plus accrued interest will be repaid to bondholders. While the Company considers its options, it is [...]
ShaMaran Petroleum Corp. refers to the agreement announced on June 4, 2018 whereby the Company's wholly owned subsidiary, General Exploration Partners, Inc. , agreed in a sale and purchase agreement with Marathon Oil KDV B.V. ,a wholly owned subsidiary of Marathon Oil Corp. , to acquire from MOKDV a further 15% working interest in the Atrush Block Production Sharing Contract in the Kurdistan Region of Iraq . View PDF [...]
ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for the nine months ended September 30, 2018. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. View PDF Version HIGHLIGHTS ShaMaran entered agreement with Marathon Oil KDV BV to acquire their 15% interest in Atrush. Company issued $240 million in new [...]
VANCOUVER, Sept. 12, 2018 /CNW/ - ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 20.6 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 15.7 million for June 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush [...]
ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 17.6 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 12.7 million for May 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were [...]
ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for the six months ended June 30, 2018. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. View in PDF Format. HIGHLIGHTS ShaMaran entered agreement with Marathon Oil KDV BV to acquire their 15% interest in Atrush. Company issued $240 million in new [...]
VANCOUVER, July 26, 2018 /CNW/ - ShaMaran Petroleum Corp. is pleased to report that two further Atrush production wells, Chiya Khere 7 and Chiya Khere 10 , came online on July 23, 2018 and July 25, 2018, respectively. View PDF Version The Atrush field is currently producing at approximately 26,000 barrels of oil per day . It is planned to further increase production gradually. CK-7 was completed and tested in March and [...]
VANCOUVER, July 19, 2018 /CNW/ - ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 13.7 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 8.9 million for April 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 [...]
VANCOUVER, July 5, 2018 /CNW/ - ShaMaran Petroleum Corp. , is pleased to announce that it has issued the USD 240 million senior unsecured bonds previously announced on June 19th, 2018 under ISIN NO 00108264456 and with settlement date of today. View PDF Version Proceeds from the new bond issue have been used to retire the existing bonds of the Company's wholly owned subsidiary, General Exploration Partners, Inc. In [...]
ShaMaran Petroleum Corp. is pleased to report that, at the Company's Annual General Meeting held today in Vancouver, shareholders received the consolidated audited financial statements of the Company for the year ended December 31, 2017 and approved all the resolutions put forward at the meeting, as follows: View PDF Version of News Release. Appointed PricewaterhouseCoopers SA, as auditor of the Company for the ensuing [...]
LUXEMBOURG, June 22, 2018 /CNW/ - Zebra Holdings and Investments S.à.r.l. , a company controlled by a trust settled by the late Adolf H. Lundin, incorporated under the laws of Luxembourg, 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, announced today that it had acquired 121,584,842 common shares of ShaMaran Petroleum Corp. for SEK 0.6815 per common share representing approximately 5.63% of the [...]
VANCOUVER, June 20, 2018 /CNW/ - ShaMaran Petroleum Corp. 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 [...]