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Petsec Energy Appoints CEO of Middle Eastern Subsidiary

Source: 4/9/2015, Location: Not categorized

Petsec Energy is pleased to declare the appointment of Mr. Maki Petkovski as Chief Executive Officer of the Company's subsidiary, Petsec Energy Limited. Mr. Petkovski will lead the Company's operational expansion in the Middle Eastern and North African region, starting with the Block 7, Al Barqa Permit, in the Republic of Yemen which includes the undeveloped Al Meashar oil discovery and a material prospect and lead inventory.

Mr. Petkovski is a senior Exploration and Production executive with a proven track record for both discovering and commercialising oil and gas discoveries in countries ranging from the Middle East to Australasia. He will be primarily based in our office in Sydney where he will be responsible for all aspects of the expansion and management of the Company's MENA E&P business.

Mr. Petkovski has over 25 years' experience in the international upstream oil and gas business sector and has held various managerial and senior technical roles with large E&P companies including BP, Ampolex Ltd and most recently with Oil Search Ltd where he was responsible for managing Oil Search's MENA portfolio, focussing on Yemen and Tunisia.

Mr. Petkovski holds a Bachelor of Science (Geology) degree from the University of Technology, Sydney.

Commenting on the appointment, Terry Fern, Executive Chairman and Managing Director said:

'I am pleased to welcome Maki to Petsec Energy, and I look forward to his leadership indelivering the Company's strategic initiative of building an E&P business in MENA. His commercial knowledge, technical expertise, and proven relationships in Yemen and the region will be fundamental to our success in establishing and growing a significant MENA business.'

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