ShaMaran Achieves 40 Million Barrels Atrush Oil Production and January Interest Payment Timely Paid in Full
VANCOUVER, BRITISH COLUMBIA, January 5, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the “Company”) (SNM - TSXV, Nasdaq First North Growth Market) is pleased to announce that the January 2021 interest payment due on its 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) has been timely made to all Bondholders. In addition, ShaMaran is also pleased to announce that the Atrush field total cumulative crude oil production has exceeded 40 million barrels. The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the Kurdistan Region