ShaMaran is pleased to report that at the Company's Annual General Meeting held today in Vancouver, shareholders approved all of the resolutions put forward at the meeting, namely: 1. Received the consolidated audited financial statements of the Company for the year ended December 31, 2013; 2. Appointed PricewaterhouseCoopers LLP, as auditor of the Company for the ensuing year and authorized the directors to fix their [...]
ShaMaran announces that, further to the news release dated March 13, 2014, the Annual General Meeting of ShaMaran will be held at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia, V6C 3E8 on Wednesday, June 18, 2014, at 8:00 a.m., for the following purposes: 1. to receive the consolidated audited financial statements of the Company for the year ended December 31, 2013, together with the report of the [...]
ShaMaran is pleased to announce its financial and operating results for the three months ended March 31, 2014. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. On April 16, 2014 the Company announced the test results of the Atrush-4 appraisal and development well which was drilled to a total depth of 2,916 metres. Three separate cased [...]
ShaMaran is pleased to announce the listing on Oslo Børs on May 15, 2014 of the USD 150 million senior secured bond issued by its wholly owned subsidiary, General Exploration Partners, Inc. as follows: Issue name: General Exploration P 13/18 11.50% USD C, Ticker: GEP01, Instrument ID: 1301035, ISIN: NO0010692882, Segment: OBOC, Country: NO, Trading currency: USD, Current outstanding principal amount: USD 150,000,000 [...]
ShaMaran is pleased to report the results of the Atrush-4 appraisal/development well drilled in the Kurdistan Region of Iraq. The AT-4 well was spudded on October 20, 2013 using the DQE31 drilling rig and reached Total Depth of 2916m MD on January 23, 2014. The well was deviated well from the AT-1 well pad with the bottomhole location approximately 2.2 km SE of the surface location.
ShaMaran is pleased to report initial recognition of reserves as well as updates to estimated contingent resources and prospective resources for the Atrush block as of December 31, 2013. The reserves and 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 Canadian National [...]
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