VANCOUVER, BC, Oct. 5, 2021 /CNW/ - ShaMaran Petroleum
Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq
First North Growth Market (Sweden): SNM) confirms receipt of payment for
the July 2021 Atrush sales and
entitlements at $35.3 million
($13 million net to the
Company). View PDF version
The Company is also in receipt of $2.4 million net to the Company as the next
instalment for July 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
$27.89 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
October 5, 2021 at 11:30 a.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.