ShaMaran Petroleum Final Results

Shares in ShaMaran Petroleum rose slightly on Friday following the release of the company’s final resutls for the year ended December 31st, 2010.

The Company reported a net loss of $1.0 million (2009: net income of $2.9 million).

Cash balance was $58.7 million as at December 31, 2010 (2009: $63.6 million).

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