RE:pareto presentations jan 2023
My take on it is that its just probably some additional calculus time with Sarsang and the updated selling terms. When there is a deal like Sarsang and new terms like this, it takes some time to sort our payments.
ShaMaran Announces Sarsang Lifting Agreement Amendment Signed with KRG (Cision)
2022-10-04 23:30
VANCOUVER, BC, October 4, 2022 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms that the Sarsang operator, on behalf of itself and the Company’s wholly-owned subsidiary, ShaMaran Sarsang A/S, has signed an amendment to the Sarsang Block Lifting Agreement with the Kurdistan Regional Government regarding the sale and purchase of all crude oil production from Sarsang Block. This amendment became effective retroactively to September 1, 2022. The primary effect of the new Lifting Agreement is to change the reference price for Sarsang crude oil sales payments from Dated Brent to KBT (Kurdistan Blend) in order to reflect current market conditions for oil sales at Ceyhan, together with the necessary adjustments for crude quality due to the crude benchmark change.