Latest news with #ShaMaranPetroleumCorp
Cision Canada
18 hours ago
- Business
- Cision Canada
ShaMaran Reports Incident at Sarsang Facility
VANCOUVER, BC , July 15, 2025 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North: SNM) has been informed by HKN Energy Ltd. ("HKN"), the operator of the Sarsang Block in the Kurdistan Region of Iraq , that an explosion occurred earlier today at approximately 7:00 AM local time at one of the production facilities in the Sarang field. All personnel have been safely accounted for, and no injuries have been reported. HKN has initiated a full assessment of the situation and is coordinating closely with local authorities and relevant stakeholders to manage the response and ensure the safety of surrounding communities. Operations at the field have been suspended until the site is secure and a full evaluation is completed. ShaMaran and HKN are committed to the highest standards of safety and environmental responsibility and will provide further updates as more information becomes available. About ShaMaran Petroleum Corp. ShaMaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq . The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The Company is listed in Toronto on the TSX Venture Exchange and in Stockholm on Nasdaq First North Growth Market (ticker "SNM"). ShaMaran is part of the Lundin Group of Companies. Important Information ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on July 15, 2025 , at 2:30 a.m. Eastern Time. The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB. Neither 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. SOURCE ShaMaran Petroleum Corp. Elvis Pellumbi, CFO, +41 22 560 8600, [email protected],
Yahoo
23-06-2025
- Business
- Yahoo
ShaMaran Announces Annual Meeting Voting Results
VANCOUVER, BC, June 23, 2025 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North: SNM) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed. PDF Version Shareholders voted as follows on the matters before the meeting: Fixing the number of Directors Shareholders fixed the number of directors at five (5) with 99.65% of shares represented at the meeting voting in favour. Re-election of Directors Shareholders elected the following five (5) board members to serve on the Company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed: DIRECTOR ForWithheld Chris Bruijnzeels635,280,137 99.70 % 1,924,072 0.30 % Garrett Soden635,251,615 99.69 % 1,952,594 0.31 % Michael Ebsary635,303,258 99.70 % 1,900,951 0.30 % Keith Hill633,446,356 99.41 % 3,757,853 0.59 % Willian Lundin633,098,692 99.36 % 4,105,517 0.64 % Appointment of Auditors Shareholders appointed PricewaterhouseCoopers LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor with 99.97% of shares represented at the meeting voting in favour. Approval of Stock Option Plan The Company's incentive stock option plan was approved by shareholders with 99.84% of shares represented at the meeting voting in favour. Approval of the Amendment to the Deferred Share Unit Plan The Company's amendment to the deferred unit plan was approved by shareholders with 99.84% of shares represented at the meeting voting in favour. About ShaMaran Petroleum Corp. ShaMaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The Company is listed in Toronto on the TSX Venture Exchange and in Stockholm on Nasdaq First North Growth Market (ticker "SNM"). ShaMaran is part of the Lundin Group of Companies. Important Information ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on June 23, 2025, at 5:30 p.m. Eastern Time. The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB. Neither 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. SOURCE ShaMaran Petroleum Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
ShaMaran Reports Partial Bond Repayment
VANCOUVER, BC, April 8, 2025 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North: SNM) announces that it will repay a portion of the 12% senior unsecured bond (ISIN NO0011057622) (the "Bond") on April 30, 2025. The Company expects to repay approximately $29.4 million (17% of the current total outstanding amount) at par pro rata to all bondholders utilizing the cash sweep mechanism under the amended and restated Bond terms dated June 27, 2024. The total outstanding amount of the Bond following the partial repayment will be approximately $143.8 million, representing a reduction of approximately 28% compared to the amount outstanding at the end of 2024. At April 7, 2025, the Company had cash of approximately $79.4 million before the partial bond repayment described above. Pro forma for the partial bond repayment, net debt would be approximately $109.4 million (including the $143.8 million bond and $15.6 million related-party loan). All currency amounts indicated as "$" in this news release are expressed in United States dollars. About ShaMaran Petroleum Corp. ShaMaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The Company is listed in Toronto on the TSX Venture Exchange and in Stockholm on Nasdaq First North Growth Market (ticker "SNM"). ShaMaran is part of the Lundin Group of Companies. Important Information ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on April 8, 2025, at 2:00 a.m. Eastern Time. The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management. The use of any of the words "will", "expected", "planned" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of certain future events. Certain information set forth in this news release contains forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, including results, timing and costs of seismic, drilling and development related activity in the Company's area of operations, uninsured risks, regulatory changes, defects in title, availability of funds required to participate in the development activities, availability of financing on reasonable terms, availability of materials and equipment on satisfactory terms, outcome of commercial negotiations with government and other regulatory authorities, timeliness of government or other regulatory approvals, actual performance of facilities, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. The risks outlined above should not be construed as exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in the Company's annual information form for the year ended December 31, 2023, and other reports on file with the Canadian Securities Regulatory Authorities that can be accessed on the Company's profile on SEDAR+. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information. Neither 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. SOURCE ShaMaran Petroleum Corp. View original content to download multimedia: Sign in to access your portfolio
