Difficult days but another payment of $ 20 million for Snm VANCOUVER, BC, June 27, 2022 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) confirms receipt of payment for the March 2022 Atrush sales and entitlements at $ 43.66 million ($ 16.07 million net to the Company). View PDF version
The Company is also in receipt of $ 3.12 million net to the Company as the next instalment for March 2022 in the Kurdistan Regional Government ("KRG") receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on May 13, 2021. Today's payment repays in full the KRG's outstanding receivable amount owed to the Company.