ShaMaran Reports Record Profits and EBITDAX Over 6 Times Higher than 2020
VANCOUVER, BRITISH COLUMBIA, August 10, 2021 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) today released its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2021[1]. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented: “ShaMaran continues to focus on financial discipline and the second quarter’s extremely positive results for the Company demonstrates record profits. Our six months EBITDAX in 2021 of $31.9