Petroceltic International plc, an Irish oil and gas exploration and production company based in Dublin, has accepted the resignations of two non-executive directors, Don Wolcott and Joe Mach, effective immediately.
Mach and Wolcott tendered their respective resignations following the decision of shareholders to support the board’s recommendations in respect of all resolutions proposed at an extraordinary general meeting of the company held Feb. 25. Wolcott and Mach had dissented from the board’s recommendation in respect of all resolutions.
Petroceltic is focused on the Middle East, North Africa, Mediterranean and Black Sea regions, and is listed on the London Stock Exchange’s AIM Market and the Irish Stock Exchange’s ESM Market. The company has production, exploration, and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy, and Greece.