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Golden Gate Petroleum Ltd, Resignation of Executive Chairman

The Company has today received the resignation of Mr Steve Graves as Executive Chairman and director of the Company for personal reasons, with immediate effect. The board has accepted his resignation with deep regret. Mr Graves had been Managing Director of the Company since February 2008.

The Company has commenced a search to recruit both a new Independent Chairman and Chief Executive Officer. Mr Graves has agreed to continue to act as a consultant to the Company through a yet undertimed transition period.

As an interim measure, the board has appointed Mr Chris Ritchie, the Company’s Chief Financial Officer and Company Secretary as a director of the Company.


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