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ShaMaran Petroleum Corp.

11:30 AM EST - ShaMaran Petroleum Corp. : Reports updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2015. Positive well test results in the Chiya Khere-5, Chiya Khere-8 and Atrush-3 wells as well as positive interference tests across the field have resulted in an increased proven reserves area. Furthermore, the gradual increase in oil density with depth has now fully been incorporated. ShaMaran Petroleum Corp.
shares V.SNM are trading up $0.025 at $0.08.