Oilex Ltd Appointment of UK Based Non-Executive Director (3392D)

TIDMOEX

RNS Number : 3392D

Oilex Ltd

28 January 2015

ASX Announcement

28 January 2015

ASX: OEX

AIM: OEX

Appointment of UK Based Non-Executive Director

-- Jeffrey D. Auld appointed as a UK based Independent non-executive director of Oilex Ltd

   --               Strong commercial and financial background in upstream oil and gas for 24 years 

Oilex Ltd is pleased to announce the appointment of Mr. Jeffrey D. Auld (48) as a UK based independent non-executive director. Mr. Auld has over 24 years of experience in the oil and gas sector focused on financial and commercial management in upstream oil and gas development and production. His career spans working for a number of major financial institutions, including Macquarie Capital (Europe) Limited in London where he served as Managing Director - Head of EMEA Oil and Gas. Other financial institutions include Canaccord Adams Limited and Goldman, Sachs & Co.

In addition to tenure with financial institutions, Mr. Auld's experience includes corporate and commercial management in exploration and production companies such as LSE-listed Premier Oil Plc, PetroKazakhstan Inc. and Equator Exploration Limited. Mr. Auld currently holds directorships in AIM-listed Lansdowne Oil and Gas plc., Sabalo Energy Limited and Burnt Stick Advisors Limited.

Mr. Auld brings to the Oilex Board a wealth of experience and knowledge of capital markets and upstream development financing strategies. These skills are important for the next stage of growth for Oilex through increasing production at the Cambay Field in India after recently completing proof of concept activities on the Cambay-77H well.

Other than the information detailed in this announcement, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Chairman of Oilex, Max Cozijn, said;

"The appointment of Jeffrey Auld as a director of Oilex Ltd is a key step towards further raising the Company's profile in London and the AIM market. Having a director, experienced in the London Capital Markets and upstream industry, resident in the market, where a majority of our shareholders are based and shares are traded, will enhance the understanding and profile of Oilex. On behalf of all the directors, I welcome Jeffrey to the Board and look forward to his positive contribution to the ongoing development of Oilex."

For and on behalf of The Board of Directors

Max Cozijn

Chairman

For further information, please contact:

 
 Oilex Ltd                    Strand Hanson Limited              Tavistock Communications 
  Ron Miller, Managing         Nominated Adviser and              Ed Portman 
  Director                     AIM Broker                         Email: [e-mail] 
  Email: [e-mail]    Rory Murphy/Ritchie Balmer         Tel: [phone] 
  Tel: [phone]              Email: [e-mail]    3150 
  3200                         Tel: [phone]              UK 
  Australia                    UK 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAQVLBLEFFBBBK