30 Sep 2019 07:00
30 September 2019
ASX: OEX
AIM: OEX
Executive Contract Extensions
Oilex Ltd (the Company) is pleased to announce that Mr Jonathan Salomon's term as the Managing Director and Mark Bolton's term as Chief Financial Officer of the Company has been extended to 18 March 2020 and 31 May 2020 respectively.
Chairman of Oilex, Brad Lingo, said;
"Joe and Mark continue to drive measurable progress in the Company's key operations in India. During their tenure they have overseen the extension of the Cambay PSC, the settlement with GSPC and the new ventures in the Cooper Basin and UKCS."
The Company will review the terms of their contracts in early 2020.
For and on behalf of Oilex Ltd
Brad Lingo
Chairman
For further information, please contact:
Investor Enquiries 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 | Media Enquiries (Aus) Citadel-MAGNUS Michael Weir Email: mweir@citadelmagnus.com Tel: +618 6160 4900 Australia |