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Petro Matad hires Michael Buck as new CEO

"The company is fortunate that a candidate of Mike Buck's calibre and experience has agreed to join Petro Matad as CEO"

oil and gas operations
Petro Matad is launching a new seismic campaign

Petro Matad Limited (LON:MATD) has named Michael Buck as its new chief executive, with the former Salamander Energy and Ophir Energy executive joining the Mongolia explorer at an important time.

"The company is fortunate that a candidate of Mike Buck's calibre and experience has agreed to join Petro Matad as CEO to guide the company through the exciting and challenging times ahead,” said Enkhmaa Davaanyam, Petro Matad chairperson.

READ: Petro Matad to keep busy with seismic as investors wait on 2018 drill campaign

On Tuesday, Petro Matad contracted a new seismic campaign which will add to the group’s understand ahead of a recently delayed drill programme - which moved over to next year.

Quick facts: Petro Matad Limited

Price: 3.1 GBX

AIM:MATD
Market: AIM
Market Cap: £21 m
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