Callum28 I agree a positive move and not and not a negative one as someone posted earlier. I feel the BOD are working very hard behind the scenes so in my view this change bodes well. IMO of course. GL AJAX
Oilex Appoints New Chairman and Commences Board Strengthening Oilex Ltd (the Company) advises that Mr Max Cozijn has stepped down as Non-Executive Chairman of the Company.
Mr Brad Lingo has agreed to act as Non-Executive Chairman in an interim capacity during this transition period. Mr Lingo was appointed to the Board as a Non-Executive Director on 11 February 2016. He is an experienced international resource & energy executive with a proven track record of successfully building companies in the upstream and midstream oil & gas energy sectors. Mr Lingo was recently Managing Director and CEO of Drillsearch Energy Limited and is currently the Managing Director and CEO of Elk Petroleum Limited.
The Company also confirms that it has initiated a formal search process to identify a potential new Chairman and additional Non–Executive Directors to further strengthen the Board. Mr Cozijn will continue as a Non-Executive Director.
The board wishes to express its thanks to Mr Cozijn for his contribution and dedication to the Company in his role as its founding Chairman.
Commenting on the update Mr Lingo said “I look forward to the expanded role as the Company gains momentum in 2017 and seeks to maximise shareholder value from its existing Indian assets and also capitalise on new opportunities in an improving energy market
Hi Terra ,Yup I noticed that they have both left from a few posts u made,Thanks for that. I posted a while back that they were both taking up Soco positions in new South East Asia venture. For now I am unsure of Magna plan for India so I just can't comment either way as to there future intentions. However as you read my last post you can see monies to drive the project forward can come from many different sources ,It all boils down to if we can get the stuff out of the ground commercially. Given that Brad lingos now took over the Chairman's role from max then we have a clean sweep of all the old and possibly some new opportunities. For now the next item on my list is if we get The other 50% of cambay through the tender,the asset has value it just needs proving.
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