VANCOUVER, BC, Sept. 2, 2021 /CNW/ - ShaMaran Petroleum
Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (NASDAQ First
North Growth Market: SNM) confirms receipt of payment for the
June 2021 Atrush sales and
entitlements at $26.6 million
($9.8 million net to the
Company). View PDF version.
The Company is also in receipt of $1.8
million net to the Company as the next instalment for
June 2021 in the Kurdistan Regional
Government ("KRG") receivable repayment mechanism calculated based
on the KRG's proposed amendment to the mechanism repayment terms as
announced on May 13, 2021. Today's
payment reduces the KRG's outstanding receivable amount owed to the
Company to $30.25 million. The
Company continues to be in dialogue with the KRG on its amendment
proposal.
OTHER
This information is information that ShaMaran is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
persons set out below, on September 2,
2021 at 6:00 p.m. Eastern
Time. Pareto Securities AB is the Company's Certified
Advisor on Nasdaq First North Growth Market (Stockholm), +46 8402 5000,
certifiedadviser.se@paretosec.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ABOUT SHAMARAN
ShaMaran is a Kurdistan focused
oil development and exploration company which holds a 27.6%
interest, through its wholly-owned subsidiary General Exploration
Partners, Inc., in the Atrush Block and as announced in the
Company's news release of July 12,
2021 upon successful closing of the acquisition from a
TotalEnergies' affiliate will then also hold an 18% interest
through its then wholly-owned subsidiary TEPKRI Sarsang A/S in the
Sarsang Block.
ShaMaran is a Canadian oil and gas company listed on the TSX
Venture Exchange and the Nasdaq First North Growth Market
(Sweden) under the symbol "SNM"
and is part of the "Lundin Group of Companies".
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SOURCE ShaMaran Petroleum Corp.