ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. and : SNM) is pleased to announce that the Company has prepaid in full the Convertible Loan Note issued to an affiliate of TotalEnergies SE in connection with the closing of the Sarsang acquisition announced September 14, 2022. The total consideration of USD 155 million has now been fully paid by the Company for the acquisition and only a contingent payment of USD 15 million remains to be payable [...]

ShaMaran Petroleum Corp. and : SNM) is pleased to announce that the Board of Directors of the Company has appointed Elvis Pellumbi as the new Chief Financial Officer of the Company to join its management team effective October 1, 2022. View PDF version. Mr. Pellumbi has 25 years of investing and capital market experience, with an exclusive focus on the global energy markets for the last 15 years. Most recently he held a [...]

ShaMaran Petroleum Corp. : SNM) is pleased to announce that, following the closing of the Sarsang acquisition and in accordance with the Bond Terms between ShaMaran and Nordic Trustee as bond trustee for the 2025 12% senior unsecured bond entered into on July 30, 2021 and previously announced, the Company's 2023 12% senior unsecured bond has today been exchanged for its 2025 bond and accrued interest has been paid in full [...]

ShaMaran Petroleum Corp. : SNM) is pleased to announce that the acquisition of TEPKRI Sarsang A/S , that was previously announced in the Company's news release of July 12, 2021, has been completed today. View PDF In addition, the Company has filed the necessary paperwork in Denmark to change TEPKRI's name to ShaMaran Sarsang A/S and also to change its Copenhagen registered office address. Dr. Adel Chaouch, President and [...]

ShaMaran Petroleum Corp. : SNM) confirms receipt of payment for the May 2022 Atrush sales and entitlements at $39.16 million . View PDF version OTHER This information contains information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact persons set out below, on September 2, 2022 at 9:30 a.m. Eastern Time [...]

ShaMaran Petroleum Corp. : SNM) today released its financial and operating results and related management's discussion and analysis for the three and six months ended June 30, 2022¹. View PDF Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented "I am very pleased to report that in the second quarter of 2022 the Company delivered to its investors another record set of results. Sales grew by over [...]

ShaMaran Petroleum Corp. and : SNM) announces that the July 2022 interest payment on its Bond maturing 20251 was paid on August 2, 2022 instead of August 1, 2022. This slight delay was due to inter-banking administrative matters that were resolved once the Company became aware. View PDF Version. OTHER This information was submitted for publication, through the agency of the contact persons set out below, on August 2, 2022 [...]

ShaMaran Petroleum Corp. : SNM) regrets to announce the death of the Company's founder, Mr. Lukas H. Lundin, in Geneva, Switzerland on 26 July 2022 at the age of 64, following a two-year battle with brain cancer. View PDF version Over the past 40 years, Lukas Lundin was the driving force behind the tremendous success of the Lundin Group of Companies. Lukas started his career in the international energy and mining sectors [...]

ShaMaran Petroleum Corp. : SNM) announces this Atrush operations update: View PDF version. Drilling operations have commenced on the CK-18 production well in the Atrush Block in the Kurdistan Region of Iraq. This well will be a Lower Jurassic deviated production well drilled to the south-west from the Chamanke G Pad and located to the north of wells CK-15 and CK-8. CK-18 is forecast to produce up to 2,000 barrels of oil [...]

ShaMaran Petroleum Corp. confirms receipt of payment for the April 2022 Atrush sales and entitlements at $ 35.36 million . View PDF Version OTHER This information contains information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact persons set out below, on July 15, 2022 at 9:15 a.m. Eastern Time. Arctic [...]