RNS - Board Changes5 May 2020 10:51
Board Changes
Oilex Ltd (Oilex or Company) advises the following changes to the composition of the board of directors.
The Company wishes to advise that Mr Brad Lingo has stepped down as a Director of Oilex Ltd effective today. Mr Lingo continues to assist the Company while it engages with third parties in regard to a potential sale of its Cooper-Eromanga Basin assets.
Mr Salomon, Oilex's Managing Director, has been appointed by the Board to the position of interim Executive Chairman, while the Company completes its search for a new Independent Non-Executive Chairman.