ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. announces that the first lifting of crude oil export barrels allocated to international oil companies as "payment-in-kind" under the interim pipeline export agreements was completed by the nominated trader at the Ceyhan oil terminal in Türkiye on November 15, 2025. PDF version Under the interim agreements, ShaMaran expects payment for its share of cargo liftings within 30 days. A second lifting of [...]

ShaMaran Petroleum Corp. today released its financial and operating results and related management's discussion and analysis for the three and nine months ended September 30, 2025. View PDF Garrett Soden, President and CEO of ShaMaran, commented: "The highlight of the third quarter was the reopening of the Iraq-Türkiye pipeline after being closed for more than two and a half years. The resumption of pipeline exports [...]

ShaMaran Petroleum announces that interim agreements have been executed between the Kurdistan Regional Government, Government of Iraq and several International Oil Companies, including ShaMaran. These agreements are expected to enable the restart of international oil exports by pipeline from the Kurdistan Region of Iraq within a matter of days. Garrett Soden, President and CEO of ShaMaran, commented: "We welcome the [...]

ShaMaran Petroleum released its financial and operating results and related management's discussion and analysis for the three and six months ended June 30, 2025. Garrett Soden, President and CEO of ShaMaran, commented: "We remain focused on generating strong cash flow and accelerating debt repayment, as shown in the Q2 2025 results. Over the last year, we have reduced the Company's net debt1 by almost 50%, providing a [...]

ShaMaran Petroleum has been informed by HKN Energy, the operator of the Sarsang Block in the Kurdistan Region of Iraq, that an explosion occurred earlier today at approximately 7:00 AM local time at one of the production facilities in the Sarang field. All personnel have been safely accounted for, and no injuries have been reported. HKN has initiated a full assessment of the situation and is coordinating closely with [...]

ShaMaran Petroleumheld its annual general and special meeting of shareholders in Vancouver, and all resolutions were passed. Shareholders voted as follows on the matters before the meeting: Fixing the number of Directors Shareholders fixed the number of directors at five with 99.65% of shares represented at the meeting voting in favour. Re-election of Directors Shareholders elected the following five board members to [...]

ShaMaran Petroleum released its financial and operating results and related management's discussion and analysis for the three months ended March 31, 2025. Garrett Soden, President and CEO of ShaMaran, commented: "The strong momentum from ShaMaran's 2024 performance continued in Q1 2025, with significant increases in our working interest production, sales and EBITDAX1 compared to Q1 2024. In the first four months of 2025 [...]

ShaMaran Petroleum announces that a large majority of the Company's bondholders in the 12% senior unsecured bond due July 2027 have voted in favor of the previously announced proposal to amend the Bond as referenced in the Company's news release of March 27, 2025. PDF Version The approved amendments to the Bond include converting the mandatory quarterly cash sweep to voluntary and extending the maturity by two years to [...]

ShaMaran Petroleum Corp. announces that it will repay a portion of the 12% senior unsecured bond on April 30, 2025. The Company expects to repay approximately $29.4 million at par pro rata to all bondholders utilizing the cash sweep mechanism under the amended and restated Bond terms dated June 27, 2024. The total outstanding amount of the Bond following the partial repayment will be approximately $143.8 million [...]

ShaMaran Petroleum Corp. announces that the Company has today issued a summons for written resolution to all bondholders in the outstanding 12% senior unsecured bond due July 2027 . The summons proposes amendments to the Bond , including converting the mandatory quarterly cash sweep to voluntary and extending the maturity by two years to July 2029. PDF Version The Company has met with and received strong support for the [...]