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Madagascar Oil announces directorate change

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Staff writer | Hamilton, Bermuda | May 26, 2014
Madagascar OilMay 26, 2014, Hamilton, Bermuda - Madagascar Oil, a petroleum company, announces that Madjedi Hasan, a non-executive director of the company and nominated representative of Benchmark Advantage Fund Ltd, has chosen to resign, effective May 22, 2014.
Dr. Hasan served as Head of Operations, Manager of Reservoir Engineering, Coordinator of E&P, Assistant to the Board Chairman, and a member of the negotiation team for contract extensions at Chevron Indonesia. During his 24 year career with Chevron Indonesia, he held various key positions in Indonesia and in the USA.

Dr. Hasan served as Non Executive Director of Madagascar Oil Limited since June 28, 2013. He has more than 50 years' experience in the areas of exploration, production, development and management of international petroleum and geothermal ventures. He serves as Director of PT Pranata Energi Nusantara Consulting.

He has also participated in other enhanced oil recovery projects and geothermal developments. He has published various technical papers and books on steam flood and three books on petroleum contracts. Since 2006, he has been an active arbitrator and Master Consultant in PT Pranata Energi Nusantara.

Accordingly, Teck Soon Kong, has been appointed as a Non-Executive Director of the Company and a nominated representative of Benchmark, effective May 22, 2014.

Mr. Kong spent 31 years with Royal Dutch Shell plc and five years as an adviser in the Minister’s Office of Petroleum & Mineral Resources, Saudi Arabia.

Following his retirement from Shell in 1996, he served as Chairman and Chief Executive Officer of Nelson Resources Limited, Chief Operating Officer and Chief Executive Officer of Nimir Petroleum, Director of Pearl Energy (Pte) Ltd. and also as Chairman of Noble Denton Holdings Ltd. from 2002 to 2009. Mr. Kong currently serves as a Director of Sterling Resources and has held the position of Chairman at AIM listed Sunkar Resources plc since 2006.

Mr. Kong holds a BSc (Hons) in Chemical Engineering from Imperial College, University of London.