Petro Matad Limited Further re Directorate (1975X)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Petro Matad Limited	LSE:MATD	London	Ordinary Share	IM00B292WR19	ORD USD0.01

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.50	-14.93%	2.85	2.80	2.90	3.135	2.70	3.00	12,730,574	11:22:40

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Oil And Gas Field Expl Svcs	201k	-2.95M	-0.0026	-10.96	31.75M

Petro Matad (LSE:MATD)
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From Apr 2019 to Apr 2024

TIDMMATD

RNS Number : 1975X

Petro Matad Limited

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 km(2) 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOADMMZMVZDGNZG

(END) Dow Jones Newswires

November 22, 2017 02:01 ET (07:01 GMT)

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MATD Petro Matad Limited