Maurel & Prom : Appointment of a Director

News provided by

Maurel & Prom

Apr 12, 2010, 01:12 ET

PARIS, April 12, 2010 /PRNewswire-FirstCall/ -- On March 31, 2010, the Board of Directors appointed Mr.Ambrosie Bryant Chukwueloka ORJIAKO (Dr. ABC ORJIAKO)to replace Mr. Alain GOMEZ,who wished to step down from his duties.

For over 15 years, Mr.ORJIAKOhas been active as a manager and/or investor in upstream and downstream activities of the Nigerian oil sector. Trained as a physician, Dr. ORJIAKO began his career as a surgeon specializing in orthopedics and trauma, then redirected his career to the world of business.

Specifically, he is chairman of Shebah E&P Company Limited (SEPCOL), an oil operator in Nigeria and a partner of Maurel & Prom within SEPLAT, a Nigerian company that will purchase a 45% interest in the OML 4, 38 and 41 permits. The acquisition process is currently underway.

He has also contributed extensively to charitable activities, and in 1996 founded the Daniel ORJIAKO Memorial Foundation, the goal of which is to combat poverty through education, medical care and agriculture.

This appointment will be subject to ratification by the General Shareholders' Meeting on May 20, 2010.

For further information: http://www.maureletprom.fr

This press release may contain forward-looking statements with respect to the financial condition, results of operations, business, strategy and plans of Maurel & Prom. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. These forward-looking statements are based on assumptions which we believe are reasonable but that could ultimately prove inaccurate and are subject to a number of risk factors, including but not limited to price fluctuations in crude oil; exchange rate fluctuations; uncertainties inherent in estimating quantities of oil reserves; actual future production rates and associated costs; operational problems; political stability; changes in laws and governmental regulations; wars and acts of terrorism or sabotage.

          Maurel & Prom est coté sur Euronext Paris - compartiment A -
                             CAC mid 100 Indice

             Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

                                 Next meetings:

    5/6/2010 Q1 2010 Revenue, after market close

    5/20/2010 General Shareholders' Meeting

    Contact:

    INFLUENCES
    +31-(0)1-42-72-46-76
    [email protected]

SOURCE Maurel & Prom

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