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Petro Matad Ltd Announces Management Change

Friday, 30 Nov 2012 02:00am EST 

Petro Matad Ltd announced that Mr Douglas McGay has retired as the Company's Chief Executive Officer (CEO) and will be leaving Petro Matad with immediate effect. Management responsibilities in Mongolia will be taken over by the Company's Exploration Manager Dr Ridvan Karpuz and Chief Financial Officer John Henriksen who will report directly to the Company's board. It is anticipated that a successor as CEO will be recruited once the Company has finalised its exploration and work programme. 

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