Madagascar Oil makes the following Board appointments: Robert Estill, as Chief Executive Officer, Michael Duginski, as an Independent Non-Executive Director and Andrew Morris (an existing Non-Executive Director) as Non-Executive Chairman all of which took place on 21 January 2015.

As envisaged by the board structure set out in the deed of undertaking (as announced on 24 September 2014), upon the appointments of Michael Duginski and Robert Estill, Richard Laing has resigned from the Board with effect from 21 January 2015 to pursue other business interests and Gordon Stein has stepped down from the Board with effect from 21 January 2015, but will remain in his role as Chief Financial Officer of the Company.

Tags: Madagascar Oil S.A.