22 November 2017
Petro Matad Limited
("Petro Matad" or the "Company")
Appointed to the Board of Mike Buck, CEO
Further to the announcement of 25 October 2017, Petro Matad (AIM: MATD) is pleased to announce that Mike Buck, CEO, has today joined the Board of the Company.
Mike Buck, CEO, said:
"I am very pleased to be joining the Board of Petro Matad. As an explorer by training and experience, I am excited by the potential of the Company's acreage portfolio. The under-explored basins of Mongolia comprise one of the last remaining onshore oil exploration frontiers in the world and the geology of the area shows striking similarities with the prolific oil producing basins across the border in northern China. I look forward to progressing an active drilling campaign to fully evaluate the potential of our extensive portfolio".
Additional disclosures in relation to Michael James Buck (aged 60):
Current directorships/partnerships:
Red Sun Resources Pte Ltd
Ikat Energy Pte Ltd
Previous directorships/partnerships (last 5 years):
Ophir (Indonesia South East Sangatta) Ltd
Ophir Indonesia (Kutai) Ltd
Ophir Indonesia (North East Bangkanai) Ltd
Ophir Indonesia (Simenggaris) Ltd
Ophir Indonesia (South Sokang) Ltd
Ophir Indonesia (West Bangkanai) Ltd
Ophir Thailand (Bualuang) Ltd
Salamander Bualuang & Kambuna Ltd
Salamander Energy (Bangkanai) Ltd
Salamander Energy (Bontang) Pte Ltd
Salamander Energy (Canada) Ltd
Salamander Energy (Central Kalimantan) Ltd
Salamander Energy (Glagah Kambuna) Ltd
Salamander Energy (JS) Ltd
Salamander Energy (Kerendan) Ltd
Salamander Energy (Lao) Co. Ltd
Salamander Energy (Malaysia) Ltd
Salamander Energy (North Sumatra) Ltd
Salamander Energy (Nurul) Pte Ltd
Salamander Energy (Thailand) Co. Ltd
Salamander Energy plc
Salamander Energy Singapore Pte Ltd
Mr Buck has no shareholding in Petro Matad.
There is no further information to be disclosed under Schedule 2(g) and Rule 17 of the AIM rules in relation to the appointment of Mr. Buck.
-Ends -
For more information, please contact:
Petro Matad Limited |
|
Enkhmaa Davaanyam, Chairperson |
+976 70141099 |
NOMAD and Broker Stockdale Securities Limited |
|
Richard Johnson / El Hanan Lee |
+44 (0)20 7601 6100 |
Business Advisory Firm
FTI Consulting
Edward Westropp +44 (0)20 3727 1521
About Petro Matad
Petro Matad is the parent company of a group focused on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 km² in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.
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.
