ShaMaran Atrush March Oil Sales Payment Received
VANCOUVER, April 17, 2020 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) provides the following update to shareholders. The Company confirms that a payment of $9.6 million ($3.5 million net to the Company) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during March 2020. It should be noted that a proposal has been received by the Company from the KRG to defer their payment of the Atrush crude oil sales for November 2019 - February 2020. It is the Company’s understanding that