VANCOUVER, June 19, 2018 /CNW/ - ShaMaran Petroleum Corp. , 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. , and to finance the Marathon acquisition as announced on June 4th, 2018. The new bonds have a five [...]
VANCOUVER, June 8, 2018 /CNW/ - ShaMaran Petroleum Corp. reports that following the partial blockage of the heat exchanger in the production facility at the Atrush field in Kurdistan, sediment samples have been analysed and it has been confirmed that the blockage was caused by salt the source of which is likely to be drilling fluid losses during drilling of the Chiya Khere 5 and Atrush 2 wells and is now being [...]
VANCOUVER, June 4, 2018 /CNW/ - ShaMaran Petroleum Corp. 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, and certain other assets from Marathon Oil KDV B.V. for USD 60 million, subject to final closing adjustments. The Acquisition [...]
VANCOUVER, May 23, 2018 /CNW/ - ShaMaran Petroleum Corp. 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 [...]
VANCOUVER, May 9, 2018 /CNW/ - ShaMaran Petroleum Corp. 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 $26.5 million in revenues from Atrush oil sales with strong operational cash flows. $6.06 average lifting [...]
VANCOUVER, British Columbia, April 17, 2018 -- ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 25.0 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 20.1 million for January 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and [...]
VANCOUVER, British Columbia, April 03, 2018 -- ShaMaran Petroleum Corp. reports that recent production in the Atrush field in Kurdistan has been negatively impacted by the accumulation of solids in the production facilities. Production for the first quarter 2018 averaged 23,600 bopd and production in March 2018 averaged 20,300 bopd. During the last week, investigations have revealed a partial blockage of the heat [...]
VANCOUVER, British Columbia, March 21, 2018 -- ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 17.5 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government as payment for December 2017 crude oil deliveries from the Atrush license to the export market. These funds will be shared between the Atrush co-venturers according to the terms of the [...]
ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for year ended December 31, 2017. Unless otherwise stated all currency amounts indicated as "$" 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 [...]
ShaMaran Petroleum Corp. is pleased to report an increase by 25% in estimated Proven plus Probable 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. , the Company's independent qualified resources evaluator, and were prepared in accordance with standards set out in the [...]
ShaMaran Petroleum Corp. 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 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 [...]
ShaMaran Petroleum Corp. 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 [...]
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