SHAMARAN PROVIDES 2020 ATRUSH GUIDANCE
VANCOUVER, BC, February 25, 2020 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (Nasdaq First North: SNM) is pleased to provide Atrush guidance for the year 2020. We anticipate an increase in average daily production, lower average lifting costs, strong operating cash flow and prudent capital expenditures. · Atrush field gross average daily production is expected to range from 44,000 barrels of oil per day (“bopd”) to 50,000 bopd. The mid-point of this year’s production guidance represents an increase of 45% over last year’s actual average