Fri, 11th Mar 2011 10:28
(ShareCast News) - Petro Matad has announced the appointment of a new chairman and chief executive. Ms Enkhmaa Davaanyam will be non-executive, non-independent chairperson and Mr Ridvan Karpuz will become chief executive officer of the company. Davaanyam's appointment is effective 1 August, while Ka
Read morePetro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia. The firm still requires with one further condition to be satisfied by BG Group, after which it will release a
Read moreShares in BG Group jumped on Tuesday thanks to the oil market recovery and the acquisition of Mongolian assets. Oil market benchmarks recovered following declines in pre-Easter trading as Iranian nuclear talks ended in a settlement. The natural gas company entered into an agreement with Petro Matad
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