VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce that proposed financing arrangement (the "Proposal") has been approved by the holders ("Existing Bondholders") of the USD 150 million bonds registered under ISIN NO 0010692882 (the "Existing Bonds"). Approval of the Proposal was necessary in order for the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 4, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) refers to the announcement on March 14, 2016 of a proposed financing arrangement (the "Arrangement") to complete its share of the estimated investments required in 2016 in order to deliver the Atrush field into production, and the announcement on March 31, 2016 which cancelled the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is providing the following corporate update concerning a review by the Financial Supervisory Authority of Norway ("Finanstilsynet" or "FSAN") of the financial reporting of General Exploration Partners, Inc. ("GEP"), a wholly owned subsidiary of the Company. As previously [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 18, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for the year ended December 31, 2015. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Construction of the 30,000 bopd Atrush Phase 1 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 14, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM). The press release issued earlier today in respect of the proposed financing arrangement included an incorrect date for the bondholders' meeting. Due to bank holidays in Norway, the Nordic Trustee had to change the date to April 1, 2016, 13:00 hours in Oslo. A number of Existing [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 14, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce a proposed financing arrangement (the "Arrangement") to complete its share of the estimated investments in 2016 in order to deliver the Atrush field into production. The Atrush project is progressing according to plan with first oil targeted mid-2016. The [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) reports updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2015. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. ("McDaniel"), the Company's independent qualified resources [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 13, 2015) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. A contract for the engineering [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2015) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Corporation") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce that an engineering, procurement and construction contract for a crude oil pipeline to be constructed within the Atrush Block has been signed by the Operator, TAQA Atrush BV, and a Kurdistan Regional Government approved pipeline contractor. In accordance [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 3, 2015) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Corporation") (TSX VENTURE:SNM)(OMX:SNM) announces, following its news release of September 21, 2015, that the parties to the Atrush Block Joint Venture, TAQA Atrush B.V. ("TAQA"), General Exploration Partners, Inc. ("GEP"), a wholly owned subsidiary of the Corporation, and Marathon Oil KDV B.V. recently met to discuss [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 21, 2015) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Corporation") (TSX VENTURE:SNM) (OMX:SNM) announces that its wholly owned subsidiary, General Exploration Partners, Inc. ("GEP"), has received a Default Notice from the Operator of the Atrush Block, TAQA Atrush B.V. ("TAQA"), claiming that GEP has failed to pay its full participating interest share of July and August [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 1, 2015) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Corporation") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce the successful testing and completion of the Chiya Khere-8 ("CK-8") development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well was drilled in the third quarter of 2014. The well was re-entered in July 2015 and two well [...]