October 15, 2026
Hamilton, Bermuda - ShaMaran Petroleum Ltd. ("ShaMaran" or the "Company")
(Euronext Growth Oslo: SNM) (Nasdaq First North Stockholm: SNM) understands that
Iraq's State Organization for Marketing of Oil ("SOMO") has allocated an
additional oil cargo to international oil companies ("IOCs") under the October
2026 lifting program. The extra barrels lifted are intended to compensate IOCs
at full international prices under the tripartite interim export agreements and
start the payment of outstanding top-up receivables accrued on export sales from
September to December 2025.
About ShaMaran Petroleum Ltd.
ShaMaran is an independent oil and gas company focused on the Kurdistan region
of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block
and an 18% working interest in the Sarsang Block. The Company is listed in Oslo
on Euronext Growth and in Stockholm on Nasdaq First North (ticker "SNM").
ShaMaran is part of the Lundin Group of Companies.
Elvis Pellumbi, CFO, +41 22 560 8600, info@shamaranpetroleum.com,
www.shamaranpetroleum.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
The Company's certified advisor on Nasdaq First North Growth Market is FNCA
Sweden AB.
Forward-Looking Statements
Matters discussed in this announcement may constitute forward-looking
statements. The use of any of the words "will", "expected", "planned" and
similar expressions and statements relating to matters that are not historical
facts are intended to identify forward-looking information and are based on the
Company's current belief or assumptions as to the outcome and timing of certain
future events. Certain information set forth in this news release contains
forward-looking statements.
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