ShaMaran February 2022 Payments Received
VANCOUVER, BRITISH COLUMBIA, May 31, 2022 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms receipt of payment for the February 2022 Atrush sales and entitlements at $31.69 million ($11.66 million net to the Company). The Company is also in receipt of $3.88 million net to the Company as the next instalment for February 2022 in the Kurdistan Regional Government (“KRG”) receivable repayment mechanism calculated based on the KRG’s proposed amendment to the mechanism repayment terms as announced on May 13, 2021.