ShaMaran Petroleum (TSE:SNM) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
ShaMaran Petroleum Corp. has successfully completed a strategic transaction, acquiring TAQA Atrush B.V. and subsequently selling a portion to HKN Energy IV, Ltd., effectively doubling their stake in the Atrush Block to a 50% working interest. The deal, which is seen as a ‘win-win’ for all parties involved, is expected to boost production at Atrush and create synergies with the adjacent Sarsang block, now both operated by HKN Energy.
For further insights into TSE:SNM stock, check out TipRanks’ Stock Analysis page.
