Petromanas Energy Inc. ("Petromanas", or the "Company") (TSXV:PMI) today announced that its Chief Operating Officer (COO), Mr. Hamid Mozayani, is retiring from the Company effective April 11, 2013. The Company has initiated a search for a suitable replacement for Mr. Mozayani who will serve as an executive advisor and interim COO to the Company following his retirement to support an orderly transition to his replacement.
"I want to sincerely thank Hamid on behalf of the board and management team for his significant contribution to Petromanas over the last three years and wish him well in his retirement," said Mr. Glenn McNamara, Chief Executive Officer of Petromanas.
About Petromanas Energy Inc.
Petromanas Energy Inc. is an international oil and gas company focused on the exploration and development of its assets in Albania. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in Blocks A, B, D, and E and a 50% working interest in Blocks 2 and 3 that comprise more than 1.4 million gross acres across Albania's Berati thrust belt. Petromanas also holds exploration assets in France and Australia.
SOURCE: Petromanas Press Office.