Shona Energy Company, Inc. Announces Appointments of Chief Financial Officer and Treasurer

    




 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  Austin, Texas. 

 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. 

 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. 

 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. 

Shona Energy Company, Inc.


CONTACT:  For further information pleasecontact either of the followingindividuals:Ricardo Mendieta                  Shetal MentlewskiVice President of Colombia        Vice President of Administration andShona Energy (Colombia) Limited   LegalGeoproduction Oil and Gas Company Shona Energy Company, Inc.of Colombia                       Houston, TexasBogota, Colombia                  713-622-8809571-630-4690   


    

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