ShaMaran March 2021 Payments Received
VANCOUVER, BC, May 20, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms receipt of payment for the March 2021 Atrush sales and entitlements at $27.2 million ($10 million net to the Company). The Company is also in receipt of $655 thousand net to the Company that reflects an offset in the Kurdistan Regional Government (“KRG”) receivable repayment mechanism.Noting the Company’s press release of May 13, 2021, ShaMaran has commenced dialogue with representatives of the KRG and other Kurdistan oil producers