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News: TDO 3D Oil announces board changes and cost reduction initiative

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    14/10/16
    12:22
    Post #: 19860857

    Oct 14 (Reuters) - 3d Oil Ltd (TDO)

    • Has undertaken a major cost reduction initiative which has resulted in board changes and a significant reduction in employee remuneration
    • Chairman, Campbell Horsfall, and non-executive director Melanie Leydin have offered their resignations as directors of company
    • Managing director will step up as acting executive chairman
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