Off-market insider buying at ShaMaran Petroleum (V:SNM)

Zebra Holdings and Investments S.à.r.l., a 10% Holder, acquired 35,702,711 Common Shares on a direct ownership basis at a price of $0.055 through a private transaction on August 25th, 2021. This represents a $1,963,649 investment into the company's shares and an account share holdings change of 9.3%.

ShaMaran Petroleum is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

ShaMaran Petroleum Corp. is an oil development and exploration company. The Company is engaged in the business of oil and gas exploration and development and is in the pre-production stages of an exploration and development campaign in respect of the Atrush Block production sharing contract (Atrush Block PSC) related to a petroleum property located in the Kurdistan Region of Iraq (Kurdistan). It operates in the exploration and development of oil and gas assets segment. The Phase I of Atrush field development consists of installing and commissioning production facilities with approximately 30,000 barrels of oil per day (bopd) capacity and the drilling and completion of over five production wells to supply the production facility. It has not generated any revenues. Its subsidiaries include ShaMaran Petroleum Holdings Cooperatief U.A., ShaMaran Ventures B.V., ShaMaran Petroleum B.V., ShaMaran Services S.A., Bayou Bend Petroleum U.S.A. Ltd and General Exploration Partners, Inc.