SHAMARAN FEBRUARY 2021 PAYMENTS RECEIVED
Vancouver, BC, April 12, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) is pleased to confirm payment to the Company of $10.5 million from the Kurdistan Regional Government (“KRG”) for the February 2021 Atrush oil sales invoice and entitlements and from the KRG’s proposed repayment mechanism for receivables. In particular, the February 2021 Atrush sales and entitlements as received are $23.8 million ($8.1 million net to the Company) and $6.5 million ($2.4 million net to the Company) as the second monthly payment