Stocks in play: ShaMaran Petroleum Corp.

And TAQA Atrush BV, Operator of the Atrush Block, have agreed jointly to acquire from Marathon its 15% participating interest in the Atrush Block held through MOKDV in equal proportions of 7.5%. The transaction has been structured by way of back to back agreements, with ShaMaran agreeing to purchase all the shares of MOKDV from Marathon, and concurrently entering into an agreement to sell to TAQA half of the acquired participating interest in the Atrush Block held by MOKDV, being a 7.5% participating interest, subject to satisfaction of the conditions precedent respective to each of the two transactions. ShaMaran Petroleum Corp. shares V.SNM are trading unchanged at $0.08.