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ShaMaran Completes Acquisition and Provides Production Update
ShaMaran Completes Acquisition and Provides Production Update Canada NewsWire VA...
About this update from Shamaran Petroleum Corp.
[{"type":"text","content":"\n\n\n\nShaMaran Completes Acquisition and Provides Production Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 31, 2019\n\n\n\nVANCOUVER, May 31, 2019 /CNW/ - ShaMaran Petroleum Corp. (\"ShaMaran\" or the \"Company\") (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce the completion of its acquisition of an additional 7.5% participating interest in the Atrush Block, previously announced on April 3, 2019, bringing ShaMaran's total interest in Atrush up to 27.6%. View PDF version.\nShaMaran also announces that Atrush has been producing at approximately 32,000 barrels of oil per day.  The Company maintains its daily average production guidance for 2019 as previously published on February 15, 2019.\nAdel Chaouch, President and CEO of ShaMaran, commented \"Closing this Acquisition is a significant achievement for our Company and the recent production results are both positive and in line with our expectations. The Company is now well positioned for its next phase of growth.\"\nADDITIONAL INFORMATION\nThe information was submitted for publication through the agency of the contact persons set out below at 02:00am ET on May 31, 2019.\nABOUT SHAMARAN\nShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration company which currently holds a 27.6% direct interest in the Atrush Block.   \nShaMaran is a Canadian oil and gas company listed on the TSX Venture Exchange and the NASDAQ First North Exchange (Stockholm) under the symbol \"SNM\". 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. Pareto Securities AB is the Company's Certified Advisor on NASDAQ First North, +46 8 402 5000, [email protected].\nFORWARD LOOKING STATEMENTS\nThis news  release contains statements and information about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are s...