A Review of the Nigerian Energy Industry

Mart appoints new vice president for Nigeria

Mart Resources Incorporated has announced the appointment of Rheman Dawood as Vice President, Finance – Nigeria, to be based in Lagos. Mr. Dawood is a certified management accountant and certified internal auditor with 30 years of oil and gas experience and an extensive background inupstream oil and gas, finance, operational and administrative

Most recently, he spent 15 years with Nexen Petroleum Nigeria Limited as Vice President, Finance/Administration based in Lagos.

His appointment is part of management changes in the company following the resignation of Angela Clark as Chief Financial Officer (CFO) of the Corporation effective July 31, 2011.

Mart has also appointed James Saretsky, of Calgary, Canada, as interim CFO while it conducts a search for a new CFO. Mr. Saretsky had provided consulting services to companies throughout Canada and internationally as a senior financial executive by fulfilling the role of CFO or Vice President, Finance, generally on an interim basis. He has also recently been involved in providing IFRS consulting services to oil and gas and other companies.

Wade Cherwayko, CEO of the Corporation said of the two appointments: “We are pleased to welcome Rheman Dawood to Mart. His significant Nigerian oil and gas accounting experience will be valuable to Mart as we meet the challenges arising from our growing production. We are also pleased to appoint James Saretsky as interim CFO while the Corporation undertakes a search for a new CFO.

Mart would like to thank Angela Clark for her dedication, hard work and valued service to the Corporation and we wish her well in her future endeavors.”


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