ShaMaran Petroleum Corp. announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO) to replace Dr. Adel Chaouch effective immediately. Garrett Soden has extensive experience as a senior executive and board member of various public companies in the natural resources sector.

He is currently President and CEO of Africa Energy Corp. and has a long history with the Lundin Group of companies. Mr. Soden is also a Non-Executive Director of Gulf Keystone Petroleum Ltd. and Panoro Energy ASA.

He will remain President and CEO of Africa Energy Corp. for a transition period. Dr. Chaouch has elected to step down as President and CEO of ShaMaran to focus on other endeavors as of May 15, 2023.  He will not seek reelection to the Board of Directors.