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Investegate |Petroneft Resources Announcements | Petroneft Resources: Retirement of Chairman & Appt. of NonExec Chairman


 
PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67,
announces that David Golder has, after 15 years service to the company, decided to retire from the Board with immediate effect.
The Board has unanimously elected Alastair McBain, who joined the board on 29
th January 2021, as Non-Executive Chairman of the Company.
Alastair has had a highly successful 37 year career in the international oil and gas industry. Initially working for 17 years at Royal Dutch Shell in numerous senior international commercial positions. He joined the Vitol group in 1995 to head up the growth of the group s portfolio of upstream assets and became CEO of Arawak Energy in 2002. Alastair grew the company from an initial $20M valuation with zero production to a $0.5Bn company producing 12,000 boepd from assets in Kazakhstan, Russia and A ....

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