Directorate Change

RNS Number : 8579X

Petro Matad Limited

24 November 2014

 



Petro Matad Limited

("Petro Matad" or the "Company")

Board change

Petro Matad Ltd announces that Dr George Watkins CBE has resigned as Chairman and non-executive director of Petro Matad, and as a non-executive director of the Company's subsidiary Central Asian Petroleum Corporation Limited (CapCorp), both to be effective immediately.

A further announcement will be made in due course.

About Petro Matad Limited

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. The Group holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340km² in the far eastern part of the country. Blocks, IV and V are located in central Mongolia. Block IV covers approximately 29,000km² and Block V approximately 21,150km².

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

Further information:

Petro Matad Limited

John Henriksen, CFO

[phone]

Nomad and broker

Westhouse Securities Limited

Alastair Stratton / Martin Davison

[phone]

 

END

 

 

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