Matra Petroleum PLC Appointment of Chairman (Replacement) (2123C)

TIDMMTA

RNS Number : 2123C

Matra Petroleum PLC

12 April 2013

The following announcement replaces the 'Appointment of Chairman' announcement released on 12/4/2013 at 07.00 under RNS No 1913C.

12 April 2013

Matra Petroleum plc

("Matra" or the "Company")

Appointment of Chairman

Matra Petroleum ("Matra") is delighted to announce the appointment of Bill Guest as non-Executive Chairman. Bill succeeds the late Sir Michael Jenkins.

Bill has over 37 years of experience in the upstream oil and gas industry. Trained as a geologist and petroleum engineer, Bill spent his early career with Shell International before joining Monument Oil and Gas in 1989, spending 10 years as Technical Director and latterly Business Development Director before the company was sold in 1999. Since that time, Bill has held a number of executive and non-executive board positions within the energy sector as well as providing upstream advisory support to a range of international oil companies through Guest & Associates. He has been a non-executive director of Matra since 2010 and is currently also on the boards of Sacoil Holdings and British European Energy.

The Company has also resolved to formalise membership of the remuneration and nomination committees. Matthias Brandl has been appointed as Chairman of the Remuneration Committee, and Bill Guest has been appointed as Chairman of the Nominations Committee.

Commenting on Mr Guest's appointment, Chief Executive of Matra Maxim Barskiy said: "We are fortunate to be able to call upon the experience of Bill Guest as Chairman of Matra. As a Non-Executive Director of the Company his knowledge and understanding is held in the highest regard. His leadership will be invaluable as we continue to work diligently to execute the Company's stated strategy."

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

   Henry Lerwill                                     020 7861 3169 

Canaccord Genuity Limited

 
Henry Fitzgerald-O'Connor 0207 
 523 8000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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