RE: RNS OUT!16 Jun 2021 09:37
Extract:
Roland's appointment is a significant addition to the Oilex senior management team, and the Board of Directors believe he will play an instrumental role in leading the Company through a new and ambitious growth phase.
Roland is a geologist with 45 years' experience in all of the world's major oil and gas regions. Roland founded and built Star Energy, the UK onshore operator of 25 oil and gas fields, through to its listing on AIM in 2004 and its sale to Petronas in 2008. During its evolution, Star Energy grew rapidly through acquisitions and diversification, culminating in it becoming a major gas storage developer and operator. Throughout his career, Roland has founded and managed a drilling services company and has developed and patented several key oilfied technologies. He has extensive experience in both project and corporate management. Roland aims to bring further growth and innovation to Oilex with an initial emphasis on generating strong cash flows from the Company's Cambay gas field and expanding Oilex's UK interests.
Roland and the Board believe in the crucial ongoing role that natural gas will play in the energy transition as part of a mix of energy sources required over the next 30 years. Roland will seek to transform Oilex into a carbon-neutral company with carbon capture and storage (CCS) being one future area of focus.