Last checked at 24 Nov 2014 16:30
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
+976 11 331099
Nomad and broker
Westhouse Securities Limited
Alastair Stratton / Martin Davison
+44 (0)20 7601 6100