Brief: Shamaran To Acquire Additional 7.5% Stake In Atrush

ShaMaran Petroleum

27/12/2018 07:14

Dec 27 (Reuters) - ShaMaran Petroleum Corp  SNM.V :
    * SHAMARAN TO ACQUIRE ADDITIONAL 7.5% STAKE IN ATRUSH
    * SHAMARAN PETROLEUM - DEAL INCLUDES $10.7 MILLION IN LOANS
PROVIDED TO KURDISTAN REGIONAL GOVERNMENT OF IRAQ WHICH FALL DUE
OVER 22 MONTHS BEGINNING JANUARY 1
    * CO WILL BEGIN PROCESS OF REQUESTING ITS BONDHOLDERS TO
RELEASE
FROM ESCROW AN AMOUNT OF $20 MILLION TO FINANCING DEAL
    * DEAL IS ACCRETIVE TO SHAMARAN
    * SHAMARAN PETROLEUM - PURSUANT TO SHARE PURCHASE DEAL
BETWEEN CO,
MARATHON INTERNATIONAL OIL , COMPANY WILL ACQUIRE 100% OF SHARES
OF MOKDV FOR $63 MILLION
    * SHAMARAN PETROLEUM - PURSUANT TO SEPARATE ASSET PURCHASE
DEAL
WITH TAQA, CO WILL SELL 7.5% OF MOKDV'S 15% PARTICIPATING
INTEREST IN ATRUSH BLOCK TO TAQA

Source text for Eikon:  ID:nCNWL8zjma 
Further company coverage:  SNM.V 

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