ShaMaran Petroleum Corp. announced changes to its senior management and Board of Directors. Dr. Adel Chaouch has been appointed as the President and Chief Executive Officer of ShaMaran and as a member of the ShaMaran Board of Directors and will replace Mr. Chris Bruijnzeels who has resigned as President and Chief Executive Officer with effect from May 15, 2019.

Also on May 15, 2019 Mr. Chris Bruijnzeels has been appointed as Chairman of the Board of Directors replacing Mr. Keith Hill, who will remain member of the Board. Mr. Brian Edgar will not stand for re-election to the Board at the Company's Annual General Meeting on June 26, 2019. Mr. William Lundin is proposed to be elected to the Board at the Annual General Meeting.

Dr. Adel Chaouch previously headed Marathon Oil Company's interests in the MENA region. He presided over Marathon Oil Kurdistan, a business that he has been overseeing since 2011, and in that capacity was ShaMaran's partner in the Atrush block. He was the chairman of the consortium of private owners for the Waha operating company in Libya until early 2018.

Dr. Chaouch was instrumental in establishing the mega gas hub in Equatorial Guinea and also directed the opportunity team that successfully re-entered Gabon through operated and non-operated interests in deep water exploration off the Gulf of Guinea. Dr. Chaouch was previously the director of Corporate Social Responsibility for Marathon's worldwide activities and Sustainable Growth Manager for Marathon Central Africa Operations based in Equatorial Guinea.