ShaMaran Corporate and Operational Update
VANCOUVER, April 1, 2020 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) provides the following update to shareholders. The Company confirms that a payment of $16.2 million ($4.6 million net to ShaMaran) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during October 2019. The payment is net of production bonus amounts owing to the KRG under the terms of the Atrush production sharing contract relating to the 25 million barrel cumulative production milestone reached in February, the