ShaMaran Petroleum Corp. , an oil and gas company with producing assets in the Kurdistan region of Iraq, announces that the Company's President and CEO, Adel Chaouch, will be presenting at the Pareto Securities Oil & Offshore investor conference in Oslo, Norway on Wednesday, September 11, 2019. View PDF Version. A copy of the presentation will be available on ShaMaran's website www.shamaranpetroleum.com and [...]
ShaMaran Petroleum Corp. , an oil and gas company with producing assets in the Kurdistan region of Iraq, announces that the Company's management will be presenting to shareholders and investors at a town hall meeting in Stockholm on Monday, September 9, 2019 at 18:30 Central European Time . View PDF version. The town hall meeting will be held at Industrisalen, Näringslivets Hus, Storgatan 19, Stockholm. Shareholders [...]
VANCOUVER, Aug. 20, 2019 /CNW/ - ShaMaran Petroleum Corp. reports that the Atrush oil field total production in the month of July 2019 exceeded 1 million barrels of oil for the first time since oil production commenced at the field. The Company's entitlement share of the Atrush July total production was approximately 140 thousand barrels. View PDF Regarding this important monthly production milestone, ShaMaran President [...]
ShaMaran Petroleum Corp. reports that it has granted an aggregate of 26,730,000 incentive stock options and restricted share units to certain senior officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of CAD 0.08 per share. The RSUs are redeemable in shares of the Company or equivalent cash value, subject to [...]
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, 2019. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. "In the second quarter, we increased our ownership interest in the Atrush Block, saw more production brought online [...]
ShaMaran Petroleum Corp. is pleased to report that at the Company's Annual General Meeting held today in Vancouver, shareholders received the consolidated audited financial statements of the Company for the year ended December 31, 2018 and approved all of the resolutions put forward at the Meeting, namely: View PDF version Appointed PricewaterhouseCoopers SA, as auditor of the Company for the ensuing year and [...]
ShaMaran Petroleum Corp. is pleased to announce the completion of its acquisition of an additional 7.5% participating interest in the Atrush Block, previously announced on April 3, 2019, bringing ShaMaran's total interest in Atrush up to 27.6%. View PDF version. ShaMaran also announces that Atrush has been producing at approximately 32,000 barrels of oil per day. The Company maintains its daily average production [...]
ShaMaran Petroleum Corp. is pleased to announce changes to its senior management and Board of Directors. View PDF version. Dr. Adel Chaouch has been appointed as the President and Chief Executive Officer of ShaMaran and as a member of the ShaMaran Board of Directors and will replace Mr. Chris Bruijnzeels who has resigned as President and Chief Executive Officer with effect from May 15, 2019. Also on May 15, 2019 Mr [...]
ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2019. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. View PDF version. HIGHLIGHTS First quarter 2019 revenues of $12.1 million with strong operational cash flows. Atrush average daily production rates: 2019 first [...]
VANCOUVER, April 3, 2019 /CNW/ - ShaMaran Petroleum Corp. refers to its previous news release of December 27, 2018 in which it announced its proposal to acquire a 7.5% participating interest in the Atrush Block from Marathon Oil KDV B.V. . To facilitate regulatory approval the parties have agreed to restructure the previously announced deal as a back-to-back asset purchase and sale to simplify the transaction and still [...]
ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for the year ended December 31, 2018. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. View PDF version. HIGHLIGHTS ShaMaran agreed with Marathon Oil KDV B.V. and TAQA Atrush B.V. to acquire 7.5% additional Atrush interest. 11% increase in Gross 2P [...]
ShaMaran Petroleum Corp. is pleased to report an increase by 11% in estimated Proven plus Probable Oil Reserves for the Atrush block as of December 31, 2018 after accounting for Atrush 2018 production. This equates to a 2P Reserves replacement ratio of 2018 production of 140%. Reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. , the Company's independent qualified [...]