CALGARY, Canada, October 31, 2014 – 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”.
Additional information about the Company can be found at www.petromaroc.co and under the Company’s SEDAR profile at www.sedar.com.
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.
For further information:
President and Chief Executive Officer
Tel: +1 403 474 2775
Chief Financial Officer and Secretary
Tel: +44 203 137 7756