5 May 2020 08:36
ASX-RNS Announcement
5 May 2020
ASX: OEX
AIM: OEX
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.
Managing Director and incoming Executive Chairman of Oilex, Joe Salomon, said;
"On behalf of the Board, we would like to thank Mr Lingo for his significant contribution to the Company, since 2016. Mr Lingo has been a fundamental part of the Oilex Board as Non-Executive Director and Chairman since 2017.
For and on behalf of Oilex Ltd
Joe Salomon
Managing Director and Executive Chairman
For further information, please contact:
Investor Enquires Oilex Ltd Joe Salomon Managing Director Email: oilex@oilex.com.au Tel: +61 8 9485 3200 Australia | AIM Broker Novum Securities Broker Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK | AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy/Ritchie Balmer Email: oilex@strandhanson.co.uk Tel: +44 20 7409 3494 UK | Media Enquires (UK) Vigo Communications Public Relations Patrick d'Ancona/Chris McMahon Email: patrick.dancona@vigocomms.com chris.mcmahon@vigocomms.com Tel:+ 44 20 7390 0230 UK |