ShaMaran Petroleum Corp. announced that the board of directors of the company has appointed Elvis Pellumbi as the new chief financial officer of the company to join its management team, 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 the company's management team, focusing on debt advisory and M&A, including the recently closed acquisition of Total Energies 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 USD 500 million in oil & gas companies focused in the Kurdistan Region since 2009 and is very familiar with the key players in the sector.