ShaMaran Announces Atrush-4 Well Tests Results

ShaMaran Announces Atrush-4 Well Tests Results 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/16/14 --  
ShaMaran Petroleum Corp. (TSX VENTURE: SNM)(OMX: SNM) ("ShaMaran" or
the "Corporation") is pleased to report the results of the Atrush-4
appraisal/development well ("AT-4") drilled in the Kurdistan Region
of Iraq. 
The AT-4 well was spudded on October 20, 2013 using the DQE31
drilling rig and reached Total Depth of 2916m MD on January 23, 2014.
The well was deviated well from the AT-1 well pad with the bottomhole
location approximately 2.2 km SE of the surface location. 
Three separate cased hole drill stem tests were conducted in the
Jurassic reservoir with maximum rates totalling 9059 bopd of 27-28
API from two of the tests. None of the tests produced formation
water. Downhole samples for PVT analysis and surface samples for oil
assay studies were taken. Well testing operations were completed on
April 7, 2014. AT-4 has been suspended as a Phase 1 producer. The
drilling rig is now moving to drill the Chiya Khere-5 development
well ("CK-5"; 2014 revised well nomenclature) which is expected to
spud in May 2014. 
The Atrush Block is operated by TAQA Atrush B.V., a subsidiary of Abu
Dhabi National Energy Company PJSC which holds a 39.9% working
interest in the Block. ShaMaran Petroleum Corp. holds a 20.1% working
interest through its wholly owned subsidiary, ShaMaran Ventures BV
(100% owner of General Exploration Partners, Inc.). Marathon Oil KDV
B.V., a wholly owned subsidiary of Marathon Oil Corporation (NYSE:
MRO), holds a 15% working interest in the block. Subsequent to their
back-in the Government of the Kurdistan Region of Iraq holds a 25%
working interest. 
About ShaMaran 
ShaMaran Petroleum Corp. is a Kurdistan focused oil development and
exploration vehicle. ShaMaran Petroleum is a Canadian oil and gas
company listed on the TSX Venture Exchange under the symbol "SNM" as
well as NASDAQ OMX First North under the symbol "SNM". 
On behalf of the Board, 
Pradeep Kabra, President and CEO 
This press release contains statements about expected or anticipated
future events and financial results that are forward-looking in
nature and, as a result, are subject to certain risks and
uncertainties, such as legal and political risk, civil unrest,
general economic, market and business conditions, the regulatory
process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties
resulting from potential delays or changes in plans, the occurrence
of unexpected events and management's capacity to execute and
implement its future plans. Actual results may differ materially from
those projected by management. Further, any forward-looking
information is made only as of a certain date and the Company
undertakes no obligation to update any forward-looking information or
statements to reflect events or circumstances after the date on which
such statement is made or reflect the occurrence of unanticipated
events, except as may be required by applicable securities laws. New
factors emerge from time to time, and it is not possible for
management of the Company to predict all of these factors and to
assess in advance the impact of each such factor on the Company's
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking information. Test results are not
necessarily indicative of long-term performance or of ultimate
recovery. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
ShaMaran Petroleum's Certified Advisor on NASDAQ OMX First North is
Pareto Ohman AB. 
Contacts:
ShaMaran Petroleum Corp.
Keith Hill
Chairman
(604) 806-3583
khill@namdo.com 
ShaMaran Petroleum Corp.
Pradeep Kabra
President and CEO
0041 22 560 8605
pradeep.kabra@shamaranpetroleum.com 
ShaMaran Petroleum Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
sophias@namdo.com
www.shamaranpetroleum.com
 
 
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