Shona Energy Company, Inc. Announces Management Appointment
CALGARY, Alberta, Oct. 27, 2011 /PRNewswire/ -- Shona Energy Company, Inc. (SHO-TSX.V), announced today that Mr. Ricardo Mendieta has been appointed to the position of Vice President of Colombia of Shona's wholly-owned subsidiaries, Shona Energy (Colombia) Limited and Geoproduction Oil and Gas Company of Colombia and will be responsible for the operations and management of both entities. Mr. Mendieta has been Shona Energy (Colombia) Limited's Country Manager since 2007.
"Appointing Mr. Mendieta to this position allows us to leverage his substantial Latin American experience in our Colombian operations," said James L. Payne, CEO of Shona Energy. "It also will allow us to streamline the management of our Colombian offices and in country activities as we advance our exploration programs and realize our first significant production."
Mr. Mendieta has more than 25 years of experience in the Latin American oil and gas industry and previously held senior executive positions with Ecopetrol, TNO - Royal Dutch Shell and Occidental Petroleum. He also has substantial experience in the oilfield services sector developed through positions with Halliburton-Latin America, ION Geophysical Corporation, and Baker Hughes.
About Shona
Shona is an international oil and natural gas exploration, development and production company focusing on South America, specifically Colombia and Peru. The Company's assets currently include interests in the Company-operated Esperanza block located in Colombia's Lower Magdalena Basin, the non-operated Serrania, Los Picachos and Macaya Blocks in Colombia's Caguan Basin, and the non-operated Block 102 in Peru's Maranon Basin. The common shares of the Company trade on the TSX Venture Exchange under the stock symbol "SHO". More information on the Company is available at www.shonaenergy.com.
Cautionary Statements
The securities of Shona have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
For further information please contact either of the following individuals:
Ricardo Mendieta |
Shetal Mentlewski |
|
Vice President of Colombia |
Vice President of Administration and Legal |
|
Shona Energy (Colombia) Limited |
Shona Energy Company, Inc. |
|
Geoproduction Oil and Gas Company of Colombia |
Houston, Texas |
|
Bogota, Colombia |
713-622-8809 |
|
571-630-4690 |
||
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Shona Energy Company, Inc.
Share this article