Metgasco Limited announced changes to its Board of Directors, Mr. Alexander Lang and Mr. Terry White have been appointed to the Metgasco Board effective 8 February 2016. Mr. Alexander Lang has more than 20 years' experience as a senior commercial, finance and risk management executive with broad experience leading multi-national businesses. He has held senior roles with companies such as Thiess, Laing O'Rourke and McConnell Dowell Group, as well as Non-Executive Director roles with companies such as Boulder Steel Limited.

Mr. Terry White has more than 30 years as a senior petroleum executive with board exposure across the exploration and production business developed through management responsibilities for exploration, production, project execution and operations, gas marketing and business unit performance. The Board announced that Mr. Greg Short has advised the Board that due to family reasons, he intends to stand down from the role of Chairman of the Board immediately and that he will also resign as a Director of the Company with effect from February 8, 2016. Mr. Leonard Gill has advised the Board that he will also resign as a Director of the company with effect from February 8, 2016.

Mr. Alexander Lang has been appointed as the new Chairman effective immediately. Mr. Lang and Mr. White will serve on the Audit and Risk Management Committee and on the Nomination and Remuneration Committee. Mr. Lang has been appointed as Chairman of the Nomination and Remuneration Committee to replace the retiring Mr. Short.