Building Shareholder Value Through Company Growth

SNM
TORONTO STOCK EXCHANGE VENTURE
NASDAQ FIRST NORTH GROWTH MARKET

Financial Calendar & Events

Period Period End Reporting Date
Q1 Mar 31, 2019 May 8, 2019
Q2 Jun 30, 2019 Aug 7, 2019
Q3 Sep 30, 2019 Nov 5, 2019
Annual Dec 31, 2019 Mar 8, 2020

ShaMaran Strategy

Focus on production growth

  • Target ~50,000 bopd as 2019 exit rate by:
    • Debottlenecking current facilities
    • Optimizing production thru additional facilities
  • Investing to define next phases of development by mid 2020 to go to ~100,000 bopd

Focus on cash flow and buildup of cash reserves

  • Robust 2019 cash flow:
    • Strong cash flow at current oil prices
    • KRG loan repayments to continue throughout the year
  • Atrush development is self funding

Focus on growth

  • Management focused on growth
  • Well established network of stakeholders and access to strategic opportunities
  • Continuous and strong backing from main shareholders supports growth
ShaMaran Fact Sheet
TSX.V
SNM
Nasdaq
SNM

Pareto Securities AB is the Company's Certified Advisor on Nasdaq First North Growth Market, +46 8 402 5000, certifiedadviser.se@paretosec.com

Last $0.07
Change 0.00
Change % 0.00%
Time December 15, 2019 09:06 am EST
Bid $0.07
Ask $0.07
Low $0.07
High $0.07
Open $0.07
Volume 71,000
Last kr0.48
Change 0.01
Change % 1.59%
Time December 15, 2019 09:01 am EST
Bid kr0.47
Ask kr0.48
Low kr0.47
High kr0.48
Open kr0.48
Volume 949,860
Share Capital (as of Jan 31, 2018)
Issued and Outstanding 2,158,631,534
Fully Diluted 2,186,796,534
Outstanding Options
Expiry Date No. of Optioned Shares Exercise Price
April 12, 2018 2,165,000 $0.36
January 19, 2020 26,000,000 $0.115
Total: 28,165,000  

Insider Holdings: www.sedi.ca

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