Matra Exploration announced the appointment on Friday of Bill Guest as Chairman.
Guest, who has 37 years of experience in oil and gas including work for Shell International and Monument Oil, succeeds the late Sir Michael Jenkins.
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"We are fortunate to be able to call upon the experience of Bill Guest as Chairman of Matra," said Chief Executive Maxim Barskiy.
"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."
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