Sequa Petroleum N.V. - Management Update

London (ots/PRNewswire) - Benjamin Lee has concluded his contract as
Interim Chief Financial Officer, and has agreed to continue as a
consultant to the Company advising on its ongoing investor process.
Olly Horne, the Company's Interim Financial Controller, will assume
Benjamin Lee's financial responsibilities under the oversight of the
Management Board.

Effective 1 July 2016, Mr Peter Haynes has stepped down as a director
and gone on unpaid leave to focus on his continuing recovery from
illness. The Company wishes Peter well.

About the Company

The Company is an oil and gas company registered in the Netherlands,
with its principal office in London and listed on Euronext Marché
Libre. In 2014, the Company established an operating presence in
Kazakhstan, acquiring 75% of the Aksai licence which has subsequently
been drilled and is currently being evaluated. In 2015, the Company
established a presence in Norway, acquiring Tellus Petroleum Invest
AS as a 100% subsidiary.

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