ShaMaran Reports First Quarter 2024 Results
VANCOUVER, BC, May 8, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2024. Garrett Soden, President and CEO of ShaMaran, commented: “The Sarsang and Atrush blocks performed well in Q1 2024 with the highest quarterly EBITDAX[1] since we started selling to the local market last year. We continue to focus on optimizing cash flow with our operating partners while looking to reach a