ShaMaran Acquires TAQA Interest in Atrush and Partners with HKN
VANCOUVER, BC, January 22, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) has entered into definitive agreements for a two-step transaction to increase its indirect working interest in the Atrush Block in Kurdistan from 27.6% to 50%, with HKN Energy IV, Ltd. (“HKN IV”), an affiliate of HKN Energy Ltd. (“HKN”), indirectly acquiring a 25% working interest and operatorship, subject to required approvals. Garrett Soden, President and CEO of ShaMaran, commented: “This transaction continues ShaMaran’s consolidation strategy in