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ShaMaran February 2021 Payments Received
ShaMaran February 2021 Payments Received Canada NewsWire VANCOUVER,
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About this update from Shamaran Petroleum Corp.
[{"type":"text","content":"\n \n \n \n ShaMaran February 2021 Payments Received\n \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 Canada NewsWire\n \n \n \n \n VANCOUVER, BC,\n \n April 12, 2021\n \n /CNW/ -\n \n ShaMaran Petroleum Corp. (\"ShaMaran\" or the \"Company\")\n \n (TSXV: SNM) (Nasdaq First North Growth Market: SNM) is pleased to confirm payment to the Company of\n \n $10.5 million\n \n from the Kurdistan Regional Government (\"KRG\") for the\n \n February 2021\n \n Atrush oil sales invoice and entitlements and from the KRG's proposed repayment mechanism for receivables.  In particular, the\n \n February 2021\n \n Atrush sales and entitlements as received are\n \n $23.8 million\n \n (\n \n $8.1 million\n \n net to the Company) and\n \n $6.5 million\n \n (\n \n $2.4 million\n \n net to the Company) as the second monthly payment received for receivables repayment from the KRG.  This receivable repayment reduces the KRG's outstanding amount owed to the Company to\n \n $38.25 million\n \n .\n \n View PDF\n \n \n \n \n OTHER\n \n \n \n This information is information that ShaMaran 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, on\n \n April 12, 2021\n \n at\n \n 12:15 p.m. Eastern Time\n \n .  Pareto Securities AB is the Company's Certified Advisor on Nasdaq First North Growth Market (\n \n Stockholm\n \n ), +46 8402 5000,\n \n \n [email protected]\n \n \n .\n \n \n 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.\n \n \n \n ABOUT SHAMARAN\n \n \n \n ShaMaran is a\n \n Kurdistan\n \n focused oil development and exploration company which holds a 27.6% interest, through its wholly-owned subsidiary General Exploration Partners, Inc., in the Atrush Block.\n \n \n ShaMaran is a Canadian oil and gas company listed on the TSX Venture Exchange and the Nasda...