Matra Petroleum announced that Craig Burton, who is based in Australia and was a founding director of the Company, is stepping down as a non-executive Director of the Company.
Sir Michael Jenkins, Matra Petroleum's Chairman, said, "Craig's support and assistance to the Board since inception has been invaluable. Now that Matra is more established as a company, Craig wishes to devote more time to his ongoing and new business interests in Australia. We thank him for all his efforts on behalf of the Company and wish him well in his other business endeavors."
The Company has initiated a search for a new independent non-executive director, which we hope to announce in due course.
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