24 Jul 2012 07:00
24 July 2012
APPOINTMENT - CHIEF OPERATING OFFICER
Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) today announces the appointment of Mr Michael Maloney as Chief Operating Officer with immediate effect. Mr Maloney will be based in India reporting to the Managing Director, Bruce McCarthy and be responsible for the development of the Cambay tight oil and gas project. This is a non-Board appointment.
Mr Maloney has over 30 years of experience in the oil and gas industry in project selection, execution and operations in senior project management roles. His responsibilities have included contract negotiations, quality assurance and risk management. He has been responsible for major onshore and offshore projects in Australia, India, Malaysia, Vietnam, Timor Sea, Japan and South China Sea. He has previously held senior management positions with Nexus Energy Limited, BHP Petroleum, AGR Asia Pacific and Clough.
The Company is continuing to enhance its technical team in India to ensure the success of the next phase of drilling and development on the Cambay project. Searches are in progress for experienced operations, drilling and engineering personnel with experience in the tight oil and gas industry in the USA and Canada.
Bruce McCarthy said: "We are very pleased to have Mike join us to lead this exciting project in India. Mike has a wealth of engineering and management experience that is particularly relevant for the successful development of the Cambay oil and gas resources."
For further information, please contact:
Oilex Ltd | +61 (0)8 9485 3200 | (Western Australia) | |||
Bruce McCarthy | Managing Director | oilex@oilex.com.au | |||
Ben Clube | Finance Director | oilex@oilex.com.au | |||
RFC Ambrian Limited (Nominated Adviser and Joint AIM Broker) | |||||
Samantha Harrison | samantha.harrison@rfcambrian.com | +44 (0) 20 3440 6800 | (UK) | ||
N+1 Brewin LLP (Joint AIM Broker) | |||||
Nick Tulloch | nick.tulloch@nplus1brewin.com | +44 (0) 131 225 2566 | (UK) | ||
Tavistock Communications | +44 (0)207 920 3150 | (UK) | |||
Ed Portman | eportman@tavistock.co.uk | +44 (0)7733 363 501 | (UK) | ||
This document may include forward-looking statements. Forward-looking statements include, but are not necessarily limited to, statements concerning Oilex Ltd's planned exploration program and other statements that are not historic facts. When used in this document, the words such as "could", "plan", "estimate" "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Oilex Ltd believes that its expectations reflected in these statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.