Petsec Energy is pleased to announced the appointment of Mr. Maki Petkovski as Chief Executive Officer of Petsec Energy (Middle Eastern) Limited. Mr. Petkovski will lead the Company's operational expansion in the Middle Eastern and North African ("MENA") region, starting with the Block 7, Al Barqa Permit, in the Republic of Yemen which includes the undeveloped Al Meashar oil discovery and a material prospect and lead inventory. Mr. Petkovski is a senior Exploration and Production executive with a proven track record for both discovering and commercialising oil and gas discoveries in countries ranging from the Middle East to Australasia.

He will be primarily based in office in Sydney where he will be responsible for all aspects of the expansion and management of the Company's MENA E&P business.