ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. confirms receipt of payment for the June 2021 Atrush sales and entitlements at $26.6 million . View PDF version. The Company is also in receipt of $1.8 million net to the Company as the next instalment for June 2021 in the Kurdistan Regional Government receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on May 13, 2021 [...]

ShaMaran Petroleum Corp. , is an oil and gas company with a producing asset in the Kurdistan Region of Iraq. The Company has a 27.6% interest in the Atrush block and, upon the successful closing of the acquisition announced on July 12, 2021 with a TotalEnergies S.E. affiliate, the Company will then also have an 18% interest in the neighbouring Sarsang block. View PDF version The Company is pleased to announce that it will [...]

ShaMaran Petroleum Corp. : SNM) today released its financial and operating results and related management's discussion and analysis for the three and six months ended June 30, 20211. View PDF version Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented: "ShaMaran continues to focus on financial discipline and the second quarter's extremely positive results for the Company demonstrates record [...]

ShaMaran Petroleum Corp. is pleased to announce that it has completed the initial issue of USD 111.5 million principal amount of 12% senior unsecured bonds due 2025, which settled today and were issued at 98.5% of nominal value for gross cash proceeds of USD 109.8 million. The bonds issued today form part of the larger USD 300 million senior unsecured bond 2021/2025 previously announced on July 16, 2021, of which the USD [...]

ShaMaran Petroleum Corp. confirms receipt of payment for the May 2021 Atrush sales and entitlements at $31 million . View PDF version The Company is also in receipt of $0.91 million adjusted net to the Company as the next instalment for May 2021 in the Kurdistan Regional Government receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on May 13, 2021 [...]

ShaMaran Petroleum Corp. provides the following update to stakeholders in connection with the Company's news releases dated July 12, 2021 and July 16, 2021 regarding the written resolutions and summons containing certain proposals that were submitted to the Bondholders relating to the Company's 12% senior unsecured bonds due 2023 and for the issuance of the Company's 12% senior unsecured bonds due 2025 . View PDF version [...]

ShaMaran Petroleum Corp. is pleased to announce that a new USD 300 million bond, with 4-year tenor has been priced at 12% fixed semi-annual coupon. The new bond is issued at 98.5% of nominal value which is applicable to both new money under the Initial Issue Amount of USD 111.5 million and the refinancing of existing debt under the Tap Issue. Settlement of the Initial Issue Amount is expected to be on July 30, 2021. The [...]

ShaMaran Petroleum Corp. Nasdaq First North Growth Market: SNM) is pleased to announce that it has signed an agreement with a subsidiary of TotalEnergies S.E. to acquire its affiliate holding an 18% non-operated participating interest in the Sarsang Production Sharing Contract in the Kurdistan Region of Iraq for an initial consideration of USD 155 million plus working capital adjustments amounting to USD 14.2 million as [...]

ShaMaran Petroleum Corp. refers to the Company's news release dated June 4, 2021 that announced the TD of the Atrush CK-17 production well and is pleased to make the following update that CK-17 has been delivered under budget during Q2 2021, has been bought on-line on June 11, 2021 and has been producing at approximately 2,000 bopd to increase Atrush gross production rate to be in excess of 44,000 bopd. View PDF version [...]

ShaMaran Petroleum Corp. is pleased to announce that the July 2021 interest payment due on its 12% senior unsecured bonds due 2023 has been timely paid in full to all the Company's bondholders. View PDF version. CORPORATE NEWS In addition, ShaMaran also announces that in second quarter 2021 the Company has purchased and retired a further USD 5.05 million of its bonds. The current outstanding amount of its bonds is USD 180 [...]