ShaMaran Petroleum Corp. reports that operations in the Atrush field in Kurdistan are continuing in a normal, safe and secure manner. Exports from Atrush are continuing via the Kurdistan Export Pipeline system and drilling operations on the CK-7 well are progressing as planned. Atrush production for the month of September averaged 21,400 bopd. In order to address certain production constraints the facilities were shut [...]
ShaMaran Petroleum Corp. reports that TAQA Atrush BV has received on behalf of the Atrush co-venturers USD 1.8 million from the Kurdistan Regional Government as payment for July 2017 crude oil deliveries to the export market from the Atrush license. These funds will be shared according to the terms of the agreements between the Atrush co-venturers. OTHER This is information that ShaMaran Petroleum Corp. is obliged to make [...]
ShaMaran Petroleum Corp. is pleased to report that an agreement for the sale of Atrush oil has been signed between Taqa Atrush BV. and the Kurdistan Regional Government . Under the agreement, the KRG will buy oil exported from the Atrush field by pipeline at the Atrush block boundary based upon the Dated Brent oil price minus approximately $16/bbl for quality discount and all local and international transportation costs [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 19, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce that drilling operations have commenced on the Chiya Khere ("CK-7") appraisal and development well in the Atrush Block in the Kurdistan Region of Iraq. CK-7 is located in the central area of the Atrush Block approximately 3 kilometres east of the Atrush 2 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 15, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for the six months ended June 30, 2017. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Chris Bruijnzeels, President and CEO of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 3, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM) (OMX:SNM) is pleased to report that oil started flowing through the Atrush Central Processing Facility on July 3, 2017 at approximately 12:00 CEST. Production is expected to ramp up in 2017 to the facilities design capacity of 30,000 barrels of oil equivalent per day. Chris Bruijnzeels [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 28, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to report that preparations for first oil production are substantially complete. The Operator, TAQA Atrush B.V., expects that oil production will commence early next week. OTHER This is information that ShaMaran Petroleum Corp. is obliged to make public pursuant to the EU [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) 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, 2016 and approved all of the resolutions put forward at the meeting, namely [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for three months ended March 31, 2017. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Chris Bruijnzeels, President and CEO of ShaMaran [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 9, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for year ended December 31, 2016. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Highlights and accomplishments included: Construction [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 16, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) reports estimated reserves and contingent resources for the Atrush block as of December 31, 2016. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. ("McDaniel"), the Company's independent qualified resources evaluator, and were [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 31, 2017) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM), reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. As a result of the completion of the previously announced CAD$36 million private placement, which closed on January 30, 2017, the number of issued and [...]
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