SHAMARAN ANNOUNCES PAYMENT FOR ATRUSH OIL DELIVERIES
VANCOUVER, BRITISH COLUMBIA, August 9, 2018 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE: SNM) (OMX: SNM) reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 17.6 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government comprised of payments of USD 12.7 million for May 2018 crude oil deliveries from the Atrush license to the export market and of USD 4.9 million of the Atrush Feeder Pipeline Cost and Atrush Development Cost loan repayments which were due in August 2018. These funds will be shared between the