ShaMaran Petroleum Corp. released its financial and operating results and related management's discussion and analysis for the three months and year ended December 31, 20211. View PDF version. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented "2021 has been a transformational year for ShaMaran. The Company generated the highest annual oil sales revenues in its history at $102.3 million [...]
ShaMaran Petroleum Corp. : SNM) is pleased to announce that the Company will be hosting a virtual town hall meeting on April 27, 2022 at 18:00 CET . View PDF President and CEO, Dr. Adel Chaouch will present an update on the Company's operations and future plans. All are welcome to join. Please click here to register. After registering, you will receive a confirmation email with the meeting link and further information [...]
ShaMaran Petroleum Corp. : SNM) is very pleased to announce that ShaMaran has become the exclusive corporate sponsor for Hasar Vision 2025 Program, supporting its marquee initiative the Hasar re-forestation project, a comprehensive multi-year urban re-forestation project. This initiative is being developed by Hasar Organization for Earth Sciences , a climate action non-government organization based in Kurdistan. View PDF [...]
ShaMaran Petroleum Corp. and : SNM) is pleased to announce that the board of directors of the Company has prepared a prospectus in connection with the rights issue of up to approximately USD 30.5 million previously announced in the news release of April 5, 2022. The Prospectus has today been approved and registered by the Swedish Financial Supervisory Authority and is available on the Company's website . View PDF version [...]
ShaMaran Petroleum Corp. : SNM) is pleased to announce an equity rights offering in the amount of approximately USD 30.5 million to its Shareholders, of which USD 30 million is underwritten by its major shareholder, Nemesia Holdings S.à.r.l. , as previously noted in the Company's news release on July 12, 2021. The Company has determined that, due to the improvement in its cashflow since the July 2021 announcement, it now [...]
VANCOUVER, BC, March 31, 2022 /CNW/ - ShaMaran Petroleum Corp. : SNM) confirms receipt of payment for the December 2021 Atrush sales and entitlements at $29.38 million . View PDF The Company is also in receipt of $2.19 million net to the Company as the next instalment for December 2021 in the Kurdistan Regional Government receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism [...]
ShaMaran Petroleum Corp. : SNM) confirms receipt of payment for the November 2021 Atrush sales and entitlements at $24.02 million . View PDF version The Company is also in receipt of $1.95 million net to the Company as the next instalment for November 2021 in the Kurdistan Regional Government receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on [...]
VANCOUVER, BC, Feb. 2, 2022 /CNW/ - ShaMaran Petroleum Corp. : SNM) announces the postponement of the publication of its 4Q 2021 and year-end financials and its 2021 reserves report until April 29, 2022 in order to allow the Company additional time to include in its reporting the Sarsang Acquisition, as previously announced on July 12, 2021. View PDF version OTHER This information was submitted for publication, through [...]
ShaMaran Petroleum Corp. ) confirms receipt of payment for the October 2021 Atrush sales and entitlements at $36.12 million . View PDF version The Company is also in receipt of $2.91 million net to the Company as the next instalment for October 2021 in the Kurdistan Regional Government receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on May 13 [...]
ShaMaran Petroleum Corp. is pleased to announce that the January 2022 interest payment due on its Bond maturing 20231 has been timely paid in full. View PDF version CORPORATE NEWS The Company is also pleased to report that in the fourth quarter of 2021 the Company purchased in the market at a commercially attractive rate the principal amount of USD 2,987,916 of its Bond maturing 20231. OTHER The information was submitted [...]
ShaMaran Petroleum Corp. : SNM) is pleased to announce that the Company has today successfully completed the required December 2021 amortization payment which reduces the outstanding principal amount of the 2023 Bond1 to US$ 175 million. View PDF version. ShaMaran President and Chief Executive Officer Dr. Adel Chaouch stated: ""In what continues to be a transformational year for the Company and its stakeholders, we are [...]
VANCOUVER, BC, Dec. 7, 2021 /CNW/ - ShaMaran Petroleum Corp. is pleased to announce that the close of business in Vancouver, Canada on Wednesday December 8, 2021 has been set as the Record Date for Bondholders of the ShaMaran 2023 Bond1 to receive their pro rata share of the remaining $5 million amortization payment due in December 2021 plus accrued interest. The payment date for this amortization is scheduled for Friday [...]