|Atrush PSC||ShaMaran Petroleum Corp. announces that TAQA Atrush B.V. ("TAQA"), as operator of the Atrush Block Production Sharing Contract ("PSC"), has entered into an Engineering, Procurement and Construction ("EPC") contract with KAR Company ("KAR") for the construction of the feeder pipeline from the Atrush block boundary to the tie-in point with the main Kurdistan export pipeline (the "Feeder Pipeline"). Work on the Feeder Pipeline will commence immediately.||November 8, 2016|
|Following the announcement on May 19, 2016 regarding the changed scope of the feeder pipeline from the Atrush block boundary to a tie in point with the main Kurdistan export pipeline (the "Feeder Pipeline"), TAQA Atrush B.V., General Exploration Partners, Inc. (a wholly owned subsidiary of ShaMaran) and Marathon Oil KDV BV, have been working very closely with the Kurdistan Regional Government and KAR Company regarding a contractual and commercial structure for the construction of the Feeder Pipeline.||August 10, 2016|
|The Company is providing the following corporate update, further to its News Release of March 31, 2016 concerning a review by the Financial Supervisory Authority of Norway ("Finanstilsynet" or "FSAN") of the financial reporting of General Exploration Partners, Inc. ("GEP"), a wholly owned subsidiary of the Company.||June 14, 2016|
|On February 15, 2016 the Company reported updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2015. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. ("McDaniel"), the Company's independent qualified resources evaluator, and were prepared in accordance with standards set out in the Canadian National Instrument NI 51-101 and Canadian Oil and Gas Evaluation Handbook (COGEH).||February 15, 2016|
|On November 4, 2015 the Company announced that an engineering, procurement and construction contract for a crude oil pipeline to be constructed within the Atrush Block has been signed by the Operator, TAQA Atrush BV, and a Kurdistan Regional Government approved pipeline contractor. In accordance with the terms of the contract the pipeline is expected to be completed in time for first oil which is targeted for mid-year 2016.||November 4, 2015|
The Company announced the successful testing and completion of the Chiya Khere-8 ("CK-8") development well in the Atrush Block in the Kurdistan Region of Iraq.
The CK-8 development well was drilled in the third quarter of 2014. The well was re-entered in July 2015 and two well tests ("DST") using an electrical submersible pump were carried out.
At the end of the testing operations the CK-8 well was completed for production.
Implementation of the 30,000 bopd Atrush Phase 1 Production Facility ("Production Facility") is in progress. The main production modules for the Production Facility have now been delivered to site. The civil construction site preparation work and foundations of critical individual facilities are complete, underground piping work is nearing final stages and substantially all materials have been ordered. Based on progress to date, commissioning of the Production Facility is now targeted for the second quarter of 2016, with first oil production targeted for mid 2016.
|September 1, 2015|
|Shamaran Petroleum announces the successful testing of the Chiya Khere-5 development well in the Atrush Block in the Kurdistan Region of Iraq.||August 10, 2015|