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One-Page Deal Sheet

Total Buys Taza PSC From ShaMaran

Total SA Shamaran Petroleum
AnnouncedAug 20, 2012
TypeProperty
Announced Date
August 20,2012
Close Date
August 20,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
48




Snapshot
TargetZones:
{"Jeribe Formation (
Location
Region
Middle East

Country
Iraq


Transaction Details:  Subscribe to see

ShaMaran Petroleum Corp. announced the sale of ShaMaran's entire 20% undivided participating interest in the Taza PSC (held by the fully-owned subsidiary ShaMaran Petroleum B.V.) to a subsidiary of Total S.A. for the cash sum of US$ 48 million plus a reimbursement for costs incurred on joint operations from the 1st April 2012 until the closing date.

The Taza-1 exploration well is currently drilling on the Taza prospect, which is located approximately 80 kilometers southwest of the city of Sulaimaniya. The exploration well is planned to a depth of 3,250 meters.

Prior to the sale ShaMaran held…

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