Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/petro-matad-limited-makes-management-changes.shtmlPetro Matad Limited makes management changes
Petro Matad says that its Director of Exploration, Mr Ridvan Karpuz will leave his executive role with the Company on 31 December 2013 but will remain on the
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Petro Matad says that its Director of Exploration, Mr Ridvan Karpuz will leave his executive role with the Company on 31 December 2013 but will remain on the board as a non-executive director, a position from which he will continue to have oversight of the Company's exploration programme.
Since joining the Company in August 2012, Ridvan has led a thorough re-appraisal of Petro Matad's acreage in Mongolia and has been instrumental in developing the Company's exploration team and network of consultants. The re-appraisal programme included basin modelling, play fairway analysis and re-interpretation of available seismic and geologic data to provide a structural and depositional history of the individual basins across all three PSC Blocks IV, V and XX. Most importantly, the work undertaken has confirmed that the geologic section present in Blocks IV and V and the evolution of the basins in this area shows similarities to the prolific oil producing Junggar and Turpan basins to the immediate south in China.
