Brief: Shamaran Petroleum Qtrly Income From Operating Activities Of $5.5 Mln

ShaMaran Petroleum

07/11/2018 22:36

Nov 7 (Reuters) - ShaMaran Petroleum Corp  SNM.V :
    * SHAMARAN PETROLEUM CORP. ANNOUNCES FINANCIAL AND OPERATING
RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018
    * SHAMARAN PETROLEUM CORP - PRODUCTION IN Q3 WAS 21,700
BOPD,
COMPARED TO 15,800 BOPD IN Q2
    * SHAMARAN PETROLEUM CORP - PRODUCTION GUIDANCE FOR
REMAINDER OF
2018 IS 25,000-30,000 BOPD
    * SHAMARAN PETROLEUM CORP - CAPITAL EXPENDITURE GUIDANCE HAS
BEEN
LOWERED FROM PREVIOUS ESTIMATE OF $17.0 MILLION TO $14.2 MILLION
    * SHAMARAN PETROLEUM CORP QTRLY REVENUES 13.2 MILLION VERSUS
$3.8
MILLION
    * SHAMARAN PETROLEUM - QTRLY INCOME FROM OPERATING
ACTIVITIES OF
$5.5 MILLION VERSUS LOSS OF $2.5 MILLION IN PRIOR YEAR QUARTER

Source text for Eikon:  ID:nCNWk0WGRa 
Further company coverage:  SNM.V 

 ((Reuters.Briefs@thomsonreuters.com;))