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Building Shareholder Value Through Company Growth

SNM
TORONTO STOCK EXCHANGE VENTURE
NASDAQ FIRST NORTH GROWTH MARKET

Recent Financial Reports

Mar 31, 2022
First Quarter Report
Dec 31, 2021
2021 Annual Report
Sep 30, 2021
Third Quarter Report
All Financials

Financial Calendar & Events

Period Period End Reporting Date
Annual Dec 31, 2021 Apr 25, 2022
Q1 Mar 31, 2022 May 23, 2022
Q2 Jun 30, 2022 Aug 09, 2022
Q3 Sep 30, 2022 Nov 09, 2022

Annual General Meeting
Thursday, June 23, 2022
8:00 a.m. PT
2000 - 885 West Georgia Street
Vancouver, BC, Canada

Investors

ShaMaran Strategy

Focus on Production Growth

Focus on Cash Flow and Build-up of Cash Reserves

Focus on Value Creation

Important Information About Forward Looking Statements

Atrush – Asset Development Strategy

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2017-2018

Start-up Capacity

State of the art and fully automated facilities commissioned in July 2017

30 Mbopd well and processing capacity

2019-2020

Debottleneck & Mature Resource Base

Expand Processing Capacity to 58 Mbopd through PF-1 debottlenecking and EPF addition

Deliver ten development wells

Deliver cost savings to assure project resilience

2021

Position to Deliver Value

Return to normal operations following COVID impact

De-risk "integrated oil column" development concept

Resume suspended capital programs

Increase well capacity with additional development wells

2022+

Deliver Full Asset Value

Implement "integrated oil column" development plan

Drill and complete additional production wells

Optimise available processing capacity

Deploy full ESG solution

TSX.V
SNM
Nasdaq
SNM
TSX Venture Exchange Nasdaq First North Growth Market

Arctic Securities AS (Swedish branch) is the Company's Certified Advisor on Nasdaq First North Growth Market, +46 844 68 61 00, certifiedadviser@arctic.com

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Share Capital (as of May 8, 2022)
Issued and Outstanding 2,235,249,658
Fully Diluted 2,351,114,436

Insider Holdings: www.sedi.ca

Recent News: May 25, 2022 SHAMARAN ANNOUNCES SUCCESSFUL RIGHTS OFFERING DETAILS
Recent News: May 23, 2022 SHAMARAN REPORTS NEW RECORD QUARTERLY OIL SALES REVENUES AND RECORD OPERATIONAL CASH FLOWS
Recent News: May 20, 2022 SHAMARAN ANNOUNCES EXPIRY OF RIGHTS OFFERING
Annual Information Form Corporate Presentations
Photo Gallery How Productions Sharing Contracts Work
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