ShaMaran Atrush May Oil Sales Payment Received

Vancouver, BC, June 19, 2020 /CNW/ -  ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) provides the following update to stakeholders. 

The Company confirms that a payment of $6.9 million ($2.5 million net to the Company) has been received from the Kurdistan Regional Government (“KRG”) for Atrush crude oil sales during May 2020.  

OTHER

This information is information that ShaMaran Petroleum Corp is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 12:01 p.m. Eastern Time on June 19, 2020. Pareto Securities AB is the Company’s Certified Advisor on Nasdaq First North Growth Market, +46 84 02 5000, certifiedadviser.se@paretosec.com. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

ShaMaran Petroleum Corp.
Investor Relations,
Investor.Relations@shamaranpetroleum.com 
www.shamaranpetroleum.com  

Sophia Shane
Corporate Development, Canada +1 604 806 3575

Robert Eriksson
Investor Relations, Sweden +46 701 112615

ABOUT SHAMARAN

ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration company which holds a 27.6% working interest in the Atrush Block through its wholly-owned subsidiary, General Exploration Partners, Inc.

ShaMaran is a Canadian oil and gas company listed on the TSX Venture Exchange and the Nasdaq First North Growth Market (Stockholm) under the symbol "SNM".