VANCOUVER, BC, Sept. 14, 2021 /CNW/ - ShaMaran Petroleum Corp.
("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North
Growth Market: SNM) is pleased to announce that the Atrush block,
Kurdistan Region of Iraq, has
surpassed the cumulative oil production milestone of 50 million
barrels since its first oil in July
2017. View PDF version.
Dr. Adel Chaouch, President and
Chief Executive Officer of ShaMaran, commented "This significant
operational achievement is noteworthy as the production milestone
has been achieved notwithstanding 2020's significantly reduced
development program due to the global pandemic and collapse of
world crude oil prices. This demonstrates that the Atrush joint
venture has the ability to successfully navigate through the
Kurdistan oil industry's difficult
as well as good times."
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 14,
2021 at 1:15 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.