SHAMARAN REPORTS NEW RECORD QUARTERLY OIL SALES REVENUES AND RECORD OPERATIONAL CASH FLOWS
VANCOUVER, BC, May 23, 2022 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2022¹. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented “We kicked off 2022 with another very strong set of results, further improving on Q4 2021. During the first quarter of 2022 the Company achieved a new record in oil sales revenues of $38.8 million, 88% higher than