ShaMaran Petroleum Corp.

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 [...]

ShaMaran Petroleum Corp. reports that TAQA Atrush BV has received USD 7.7 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government as payment towards October 2017 crude oil deliveries to the export market from the Atrush license which were invoiced at USD 7.1 million and USD 0.6 million related to the unpaid portion of the September payment. The Atrush co-venturers reached an agreement with the [...]

ShaMaran Petroleum Corp. reports that operations in the Atrush field in Kurdistan are continuing in a normal, safe and secure manner. Atrush is currently producing at approximately 27 thousand barrels of oil per day and exports are continuing via the Kurdistan Export Pipeline system. Atrush exports for the month of December averaged 26,163 bopd and benefitted from a higher facility uptime than the 90% previously [...]

ShaMaran Petroleum Corp. reports that TAQA Atrush BV has received USD 10.7 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government as payment towards September 2017 crude oil deliveries to the export market from the Atrush license which were invoiced at USD 11.3 million. These funds will be shared according to the terms of the agreements between the Atrush co-venturers. The Atrush co-venturers [...]

ShaMaran Petroleum Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. HIGHLIGHTS AND DEVELOPMENTS Operations Oil production on the Atrush Block commenced in July 2017. Atrush is currently producing at approximately 26 [...]