CALGARY, Jan. 3, 2012 /CNW/ - Shona Energy Company, Inc. (SHO-TSX.V)
("Shona" or "the Company"), announced today that Mr. Mike Wilkes has
been appointed to the position of Chief Financial Officer of Shona, and
Mr. David Gian has been appointed to the position of Treasurer of
Shona. Mr. Wilkes' and Mr. Gian's appointments are effective January 1,
2012 and are subject to review by the TSX Venture Exchange.
"Mr. Wilkes and Mr. Gian are valuable additions to our senior management
team. Mr. Wilkes' experience with the exploration and production
component of the oil and gas business is an asset for Shona, with Mr.
Gian's financial background and international sales experience also
providing important insight," said James L. Payne, CEO of Shona Energy.
"These additions complete an accomplished and experienced management
team to help guide Shona as we execute on our growth strategy."
Mike Wilkes served as Shona's Controller since December 2008. In 2003
and 2004, Mr. Wilkes held the positions of Chief Financial Officer and
Controller for Nuevo Energy Company in Houston, Texas. Mr. Wilkes held
the position of Controller of Santa Fe Energy Company in Houston, Texas
from 1985 to 2000.
David Gian graduated from Baylor University in 2003 with a BBA in
International Business and Economics. During an eight-year tenure at
Oil States Industries, Inc., Mr. Gian served as District Sales Manager
for the North Sea, Commonwealth of Independent States, Indian, Middle
Eastern, and Mediterranean markets. Mr. Gian recently returned to
Houston to function as Oil States Industries' Business Development
Manager. Mr. Gian has an MBA from the Acton School of Business in
Mr. Wilkes will be replacing Interim CFO Mr. Randy Castleberry as
Shona's CFO. Mr Castleberry will continue to serve Shona as a
consultant on strategic matters. Mr. Gian will be replacing Ms. Shetal
Mentlewski as the Company's Treasurer. Ms. Mentlewski will continue her
role as VP of Administration and Legal.
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.
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
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
SOURCE Shona Energy Company, Inc.
For further information:
| For further information please contact either of the following individuals: |
| Ricardo Mendieta |
Vice President of Colombia
Shona Energy (Colombia) Limited
Geoproduction Oil and Gas Company of Colombia
| Shetal Mentlewski |
Vice President of Administration and Legal
Shona Energy Company, Inc.