ShaMaran Reports Record Oil Sales Quarterly Revenues
VANCOUVER, BC, Nov. 9, 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 nine months ended September 30, 20211. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented: “ShaMaran has had an excellent third quarter this year with extremely positive results demonstrated by the record gross margin on Atrush oil sales. Our nine months’ EBITDAX in 2021 of $48 million is more