CALGARY, Oct. 31, 2014 /CNW/ - PetroMaroc Corporation plc (TSXV: PMA) (the "Company" or "PetroMaroc") today announced the resignation of Greg Boland from the board of directors (the "Board") of the Company effective immediately. Due to Mr. Boland's continuing commitments and time constraints, he has concluded that he would not be able to devote sufficient time to the Company and exercise his director duties diligently.
Dennis A. Sharp, Chairman of the Board, stated "PetroMaroc's Board sincerely thanks Mr. Boland for all of his efforts and continuing support of the Company and wishes him well in his future endeavors".
PetroMaroc is an independent oil and gas company focused on its significant land position in Morocco. The Company has a 50 percent operated interest in the Sidi Moktar licence area covering 2,683 square kilometres and is working closely with Morocco's National Office of Hydrocarbons and Mines (ONHYM) as a committed long-term partner to unlock the hydrocarbon potential of the region. Morocco offers a politically stable environment to work within and has favourable fiscal terms to energy producers. PetroMaroc is a public company listed on the TSX Venture Exchange under the symbol "PMA".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PetroMaroc Corporation plc
For further information: Tom Feuchtwanger, President and Chief Executive Officer, Tel: +1 403 474 2775; Martin Arch, Chief Financial Officer and Secretary, Tel: +44 203 137 7756