ShaMaran Reports Temporary Production Shut-In

Executive Summary

• ShaMaran Petroleum Corp. reports that its operator, HKN Energy Ltd., has temporarily shut in production at both the Atrush and Sarsang blocks in Kurdistan due to deteriorating regional security conditions.
• The shutdown is a precautionary measure; ShaMaran’s assets and personnel remain unaffected.
• The company will continue monitoring the situation and provide updates as appropriate.

Key Details

• Fields Affected: Atrush Block (50% working interest) and Sarsang Block (18% working interest).
• Reason for Shut‑In: Deterioration in the regional security environment in the Kurdistan Region of Iraq.
• Status of Assets/Personnel: No impact reported on ShaMaran’s assets or staff.
• Operator Action: HKN Energy Ltd., operator of both blocks, initiated the temporary shut‑in as a precautionary measure.
• Monitoring & Communication: ShaMaran and HKN are closely monitoring security developments; further updates will be issued as appropriate.

Notable Quotes

(No direct quotes were provided in the release.)