Brief: Shamaran Petroleum Says To Add 15 pct Stake In Atrush And Contemplated Bond Financing

ShaMaran Petroleum

04/06/2018 22:49

June 4 (Reuters) - ShaMaran Petroleum Corp  SNM.V :
    * SHAMARAN TO ADD 15% STAKE IN ATRUSH AND CONTEMPLATED BOND
FINANCING
    * ACQUISITION WILL INCREASE SHAMARAN'S WORKING INTEREST IN
ATRUSH
FROM 20.1% TO 35.1%
    * ITS SHARE OF ATRUSH PRODUCTION, RESERVES AND RESOURCES
WILL
INCREASE BY 75%
    * CO INTENDS TO ISSUE $240 MILLION OF NEW BONDS TO REFINANCE
$186
MILLION OF OUTSTANDING EXISTING BONDS AND FINANCE ACQUISITION

Source text for Eikon:  urn:newsml:reuters.com:*:nWkr71Cr66
Further company coverage:  SNM.V 

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