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MESSAGE TO SHAREHOLDERS
ATRUSH OIL PROJECT – A WORLD CLASS OIL DISCOVERY
CORPORATE PRESENTATIONS
FINANCIAL CALENDAR
NEWS
FINANCIAL REPORTS
RESERVES / RESOURCES
MANAGEMENT
INVESTORS OVERVIEW
HOW OIL PRODUCTION SHARING CONTRACTS WORK
View the Presentation
The Company delivered oil sales in Q3 2022 of $40 million, 37% higher than Q3 2021; Cash flow from operations for Q3 2022 was $28 million, over twice that of Q3 2021; EBITDAX in Q3 2022 was very strong at $33 million, over double the EBITDAX of Q3 2021; Merger of existing bonds into one single $300 million issue bond, interest on all bonds fully paid on September 26, 2022; During Q3 2022 the Company bought back more of its own bonds, and currently owns in excess of 10% of the 2025 bond; and On October 3, 2022, the Company announced that it had prepaid, 11 months ahead of the original maturity date, in full (together with applicable interest) the $20 million Convertible Loan Note issued to an affiliate of TotalEnergies SE in connection with the Sarsang Acquisition closing. Q3 2022 gross average production of approximately 71,358 bopd, resulting in 16,206 bopd net to ShaMaran;
ShaMaran Petroleum Corp. 2000 - 885 West Georgia Street Vancouver, BC Canada V6C 3E8 Telephone: (604) 689-7842 Fax: (604) 689-4250 For Further Information Investor.relations@shamaranpetroleum.com Investor Relations Canada Sophia Shane +1 (604) 806-3575