PriceSensitive

ShaMaran Petroleum (TSXV:SNM) appoints new CFO

Energy
TSXV:SNM
30 September 2022 09:15 (EDT)

Source: ShaMaran Petroleum.

ShaMaran Petroleum (SNM) has appointed Elvis Pellumbi as the new Chief Financial Officer, effective October 1, 2022.

Mr. Pellumbi has 25 years of investing and capital market experience, with an exclusive focus on the global energy markets for the last 15 years. Most recently, he held a senior advisory role to ShaMaran’s management team, focusing on debt advisory and M&A, including the recently closed acquisition of TotalEnergies affiliate holding an interest in the Sarsang block in the Kurdistan Region. As part of his previous mandates, Elvis has invested well in excess of US$500 million in oil & gas companies focused in the Kurdistan Region since 2009. He is very familiar with the key players in the sector.

Dr. Adel Chaouch, President and Chief Executive officer commented on the appointment.

“We are excited to have Elvis join ShaMaran’s team. He complements our strong performance-oriented culture, and we believe his impressive reputation for execution and achieving results makes him the right choice to lead our finance team.”

ShaMaran Petroleum is a Canada-based, Kurdistan-focused oil development and exploration company.

ShaMaran Petroleum Corp. (SNM) opened trading at C$0.08 per share.


Related News