ShaMaran December 2021 Payments Received and Corporate Update
VANCOUVER, BRITISH COLUMBIA, March 31, 2022 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms receipt of payment for the December 2021 Atrush sales and entitlements at $29.38 million ($10.81 million net to the Company). 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 (“KRG”) receivable repayment mechanism calculated based on the KRG’s proposed amendment to the mechanism repayment terms as announced on May 13, 2021.