Matra Appoints New Chairman

Russia-focused junior Matra Petroleum announced Friday that it has appointed Bill Guest as its new non-executive chairman.

Matra said that Guest has more than 37 years of experience in the upstream oil and gas industry, having trained as a geologist and petroleum engineer. He has been a non-executive director of Matra since 2010 and also sits on the boards of Sacoil Holdings and British European Energy.

Matra Chief Executive Maxim Barskiy commented in a statement:

"We are fortunate to be able to call upon the experience of Bill Guest as chairman of Matra. As a non-executive director of the company his knowledge and understanding is held in the highest regard. His leadership will be invaluable as we continue to work diligently to execute the company's stated strategy."

Matra's previous chairman, Sire Michael Jenkins, died at the start of April.



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