ShaMaran Petroleum Corp.

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 [...]

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 [...]