ShaMaran Petroleum Ltd. lists on Euronext Growth

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  • Market capitalisation of approximately NOK 3.8 billion
  • 26th listing on Euronext in 2026
  • 12th international admission on Euronext in 2026 

Oslo – 5 June 2026 – Euronext today congratulates ShaMaran Petroleum Ltd. (ticker: SNM) on its listing on Euronext Growth Oslo. This is the 26th listing on Euronext so far this year. 

ShaMaran is an oil and gas company focused on exploration, development and production in the Kurdistan Region of Iraq. Its core assets are the Atrush and Sarsang Production Sharing Contracts (PSCs), which together delivered gross production of more than 65,000 barrels of oil per day in 2025. The transfer of the company’s primary listing to Euronext Growth Oslo forms part of its strategy to enhance share liquidity, broaden its investor base and improve access to capital markets, while maintaining its existing listing on Nasdaq First North Growth Market.

ShaMaran completed a private placement as part of the listing, where the company raised NOK 10.8 million in gross proceeds and welcomed over 400 new shareholders. At market opening today the share price was NOK 1.33 per share, giving the company a market capitalisation of NOK 3.84 billion on its first day of trading on Euronext Growth Oslo. 

Chris Bruijnzeels, Chairman of ShaMaran, said: “We are excited about completing the primary listing of our shares on Euronext Growth Oslo and welcome the more than 400 new investors who purchased shares in the required retail offering. The Oslo capital markets are very familiar with the Kurdistan oil and gas sector. All the equity and credit research analysts covering ShaMaran are located in Oslo, and our corporate bonds were issued in Oslo. We expect the listing in Oslo to attract new investors and increase our trading liquidity over time alongside our secondary listing in Stockholm.”

 

About ShaMaran Petroleum Ltd. 

ShaMaran is an independent oil and gas company focused on the Kurdistan region of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. ShaMaran is part of the Lundin Group of Companies.

 

CONTACTS  

MEDIA – mediateam@euronext.com 
Norway Cathrine Lorvik Segerlund +47 41 69 59 10 
     
Download press release - ShaMaran Petroleum Ltd.

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