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Canacol Augments Board of Directors

As a result of its acquisition of Shona Energy Company Inc., Canacol Energy Ltd. has reported the appointment of two former Shona directors, Mr. Gary R. Petersen and Mr. Gregory D. Elliot, to its Board of Directors.
Mr. Petersen is a Managing Partner and co-founder of EnCap Investments LP. Established in 1988, EnCap Investments LP is an investment manager and leading provider of private equity capital to the upstream and midstream sectors of the oil and gas industry.
Mr. Elliot founded Workstrings LLC in 1997, a premiere oilfield rental company which was sold to Superior Energy Services in 2001. Mr. Elliot continues as President of Workstrings International, which has become the second largest oilfield rental company globally. The Corporation also wishes to announce the retirement of Mr…
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