Brief: Shamaran Petroleum Corp Says Signed An Agreement With A Subsidiary Of Totalenergies S.E.

ShaMaran Petroleum

12/07/2021 22:37

July 12 (Reuters) - ShaMaran Petroleum Corp  SNM.V :
    * SHAMARAN PETROLEUM CORP - SIGNED AN AGREEMENT WITH A
SUBSIDIARY
OF TOTALENERGIES S.E.
    * SHAMARAN PETROLEUM - DEAL FOR INITIAL CONSIDERATION OF USD
155
MILLION PLUS WORKING CAPITAL ADJUSTMENTS AMOUNTING TO USD 14.2
MILLION AS OF JANUARY 1, 2021
    * SHAMARAN PETROLEUM - ADDITIONAL CONTINGENT CONSIDERATION
OF USD
15 MILLION IS PAYABLE IN FUTURE
    * SHAMARAN PETROLEUM - TO ACQUIRE 100% OF SHARES OF TEPKRI
SARSANG
A/S, WHICH HOLDS 18% NON-OPERATED PARTICIPATING INTEREST IN
SARSANG PSC
    * SHAMARAN PETROLEUM - INTENDS TO FINANCE ACQUISITION
THROUGH
ISSUE OF NEW DEBT, EQUITY AND BY UTILIZING CO'S CASH BALANCE

Source text for Eikon:  ID:nCNWFrtqfa 
Further company coverage:  SNM.V 

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