www.petromatad.com
Petro Matad is the parent company of a group focused on oil exploration, as well as future development and production in Mongolia. The Group’s principal asset is the Production Sharing Contract (PSC) over Matad Block XX, a petroleum block with an area of 14,250km2 in the far eastern part of Mongolia, near the Chinese border. Recently the company signed two more Production Sharing Contracts on Bogd Block IV and Ongi Block V, a total of approximately 71,000km² in central Mongolia. Petro Matad Limited’s shares were admitted to trading on AIM, London Stock Exchange, on May 1st, 2008. The company’s largest shareholder is Petrovis LLC, the largest importer and distributor of petroleum products in Mongolia. The company is the first substantially Mongolian owned company to have its shares admitted to trading on any major international stock exchange.
Petro Matad appoints Mark Zebrowitz as new COO
Petro Matad (LON:MATD) has promoted drilling manager Mark Zebrowitz to the role of chief operating officer (COO) with immediate effect, it emerged today.
The firm's former COO, Rodney Graham, is leaving Petro Matad to resume his career in the mineral sector, but will still be based in Mongolia.
He will continue to provide consultancy services to the company - managing its oil shale prospects, the firm said.
Zebrowitz, who joined the company last year, is an experienced oil industry professional with more than 25 years' international experience.
Petro Matad's chief executive Douglas McGay said: "Mr Zebrowitz has proven himself a skilled oil industry professional and has integrated well into the company's team and Mongolia since his appointment as drilling manager a year ago.
"We are delighted that he has accepted the position of COO and he will provide stability to the ongoing management of the company."
Thanking Graham for his service, McGay said he had been instrumental in helping to build the firm's in-country operations team which was put together effectively from scratch.
