Business
SHAMARAN OPERATIONS UPDATES
SHAMARAN OPERATIONS UPDATES Canada NewsWire VANCOUVER, BC , ...
About this update from Shamaran Petroleum Corp.
[{"type":"text","content":"\n \n \n \n SHAMARAN OPERATIONS UPDATES\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 \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 16, 2022\n \n \n /CNW/ -\n \n ShaMaran Petroleum Corp. (\"ShaMaran\" or the \"Company\")\n \n (TSXV: SNM) (Nasdaq First North Growth Market (\n \n Sweden\n \n ): SNM) is pleased to announce, following today's news release by Sarsang operator regarding its operational updates and outlook for Q4 2022, that:\n \n View PDF\n \n .\n \n \n \n Sarsang gross average daily production is expected to range between 42,000 barrels oil per day (\"bopd\") and 47,000 bopd and as such the combined gross average daily production of Atrush and Sarsang fields in Q4 2022 is expected to range from 77,000 bopd to 88,000 bopd; and\n \n \n \n \n The Sarsang fields began exporting oil through the pipeline at the Sarsang block boundary in\n \n October 2022\n \n . Production from two additional Swara Tika facilities are expected to tie-in to the pipeline in Q2 2023.\n \n \n \n \n OTHER\n \n \n \n The information was submitted for publication, through the agency of the contact persons set out below, on\n \n November 16, 2022\n \n at\n \n 7:30 p.m. Eastern Time\n \n . Arctic Securities AS (Swedish branch) is the Company's Certified Advisor on Nasdaq First North Growth Market (\n \n Sweden\n \n ), +46 844 68 61 00,\n \n [email protected]\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 FORWARD LOOKING STATEMENTS\n \n \n \n \n This 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 subject to certain risks and uncertainties, such as legal and political risk, civil unrest, general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and gen...