The board of Paternoster announced the appointment of Matt Lofgran as a Non-Executive Director. Matt is a founding director of Elephant and also the CEO of Nostra Terra Oil and Gas Company plc. Prior to becoming CEO of Nostra Terra in June 2009, he was with Robson Energy, LLC, as Vice President of International Business Development, launching the oil and gas, field services and coal divisions, including being responsible for extending Robson Energy's activities into Mexico.

As part of his appointment, Matt Lofgran will be granted 20 million options under the Paternoster share option scheme. These will be exercisable at a price of 0.26 pence per share and will vest in equal tranches over the next three years.