Shona Energy Company, Inc. provided an operational update on its producing and exploration assets in Latin America.

"Our focus in 2012 will be on both gas marketing activities, designed to extract maximum value from our producing Colombian assets, and on business development initiatives that will provide the Company and shareholders with additional opportunities for growth," said James L. Payne, CEO of Shona Energy. "With positive cash flow being generated, and more than $20 million in cash on hand, we are well positioned to leverage management's expertise to identify additional regional and international opportunities to support the creation of long-term shareholder value."

Tags: Shona Energy Company