MTA Matra

TIDMMTA

RNS Number : 4233H

Matra Petroleum PLC

11 July 2012

11 July 2012

Matra Petroleum plc

("Matra" or the "Company")

Appointment of Directors and Change of Address

Matra is pleased to announce that Vladimir Lenski and Ekaterina Sapozhnikova have been appointed to the board with immediate effect. Vladimir joins the board as Managing Director and Ekaterina joins as Finance Director.

Vladimir Lenski, aged 51, will be responsible for the day to day management of the Company's London office and will report directly to Maxim Barskiy, the Company's Chief Executive. Mr Lenski has many years experience in senior management including running multinational, high growth companies. Mr Lenski's has held senior roles in the media and telecommunication industry including as CEO of Kommersant Publishing ZAO and Managing Director of NTV Plus Satellite TV Company. Mr Lenski holds an MSc degree in Civil Engineering and an MBA from the University of Chicago Booth School of Business, where he has been on the Advisory Board since 1995.

Ekaterina Sapozhnikova, aged 36, is to be appointed as Finance Director of the Company and will be responsible for financial management, corporate finance, budgeting, reporting and internal controls. Ms Sapozhnikova has extensive experience in the oil and gas sector in both the public and private sector. Between 2004 and 2008 she held the role of Chief Financial Officer, at West Siberian Resources Limited where she worked closely with Maxim Barskiy before the company's merger with Alliance Oil Company. Ms Sapozhnikova is a member of the Association of Chartered Certified Accountants, holds an MSc Degree in Economics, and an MBA from the University of Chicago Booth School of Business.

Maxim Barskiy, Chief Executive of Matra commented:

"I'm delighted to welcome Vladimir and Ekaterina to the Board of Matra at this exciting time for the company. This further strengthening of the team, as we look to realise our ambition to become a leading international oil and gas Company, will be central to Matra's future success."

Set out below are the disclosures required to be made relating to Ms Sapozhnikova or Mr Lenski under Schedule 2(g) of the AIM Rules for Companies.

Mr Lenski

Current Directorships:

Soong Consultants Limited

Tora Development LLC

Directorships in last five years:

Kommersant Publishing ZAO

Ms Sapozhinkova

Current Directorships:

National Operator of Social Accounts Limited

Pechora LNG Limited

There are no further disclosures required to be made relating to Ms Sapozhnikova or Mr Lenski under Schedule 2(g) of the AIM Rules for Companies.

Change of Registered Address

The Company further announces that the registered and business address of the Company has changed to 101 Finsbury Pavement, London EC2A 1RS with immediate effect.

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

   Henry Lerwill                                     020 7861 3169 

Canaccord Genuity Limited

Rob Collins

   Henry Fitzgerald-O'Connor         0207 523 8000 

Notes to Editors:

-- Matra owns 100% of the Arkhangelovskoe Production licence where the first exploration Well A-12 drilled in 2007 discovered the Sokolovskoe oil field. Well A-12 produced high quality oil from a Devonian carbonate reservoir (Aphonenski)

-- Well A-13 was the second well drilled in the Sokolovskoe oil field and was placed on extended test during 2011 when it flowed oil at sustained rates on long-term test. Based on the results of a study by Equipoise Solutions Ltd ("Equipoise"), a specialist geoscience consultancy and all other field data, Energy Resource Consultants Ltd ("ERC"), an independent reservoir evaluation company, completed a Competent Persons Report on the Sokolovskoe oil field that determined P50 recoverable contingent resources of 15.1 million barrels

-- The Arkhangelovskoe Production Licence was awarded on 22nd December 2010 and is valid to 31st December 2030

   --     Further information on Matra is available on its website at www.matrapetroleum.com 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBFLFFLDFBBBE

Matra Petroleum (LSE:MTA)
Historical Stock Chart
Von Dez 2024 bis Jan 2025

Matra Petroleum (LSE:MTA)
Historical Stock Chart
Von Jan 2024 bis Jan 2025