Last checked at 22 Dec 2010 09:19
Petro Matad Limited ("Petro Matad" or the "Company")
Result of Extraordinary General Meeting
The Company is pleased to announce that at the extraordinary general meeting of the Company held today, each of the three resolutions were duly passed by shareholders.
The resolutions approved: (1) the appointment of Deloitte as the auditors of the Company; (2) that the Company be authorised to send, convey or supply all types of notices, documents or information to the shareholders of the Company by means of electronic communication; and (3) amendments to the Company's Articles of Association to allow for electronic communication.
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. The principal asset is the PSC for Block XX, a petroleum block of 10,340km² in the far eastern part of the country. The two other Blocks, IV and V are located in central Mongolia and jointly cover 71,040km².
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
Douglas J. McGay - CEO
+976 11 331099
Westhouse Securities Limited
Richard Baty/Petre Norton
+44 (0)20 7601 6100