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Share Name Share Symbol Market Type Share ISIN Share Description
Oilex Ld LSE:OEX London Ordinary Share AU000000OEX8 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.195 0.19 0.20 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.3 -0.1 - 11

Oilex Ltd Appointment of New CFO

02/07/2021 8:15am

UK Regulatory (RNS & others)


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RNS Number : 9918D

Oilex Ltd

02 July 2021

ASX-RNS Announcement

2 July 2021

ASX: OEX

AIM: OEX

Appointment of New CFO

Oilex Ltd (Oilex or the Company) is pleased to announce the appointment of Colin Judd as Chief Finance Officer of the Company, effective 1 July 2021. It is intended that Mr Judd will also be appointed as a Director of the Company in due course.

Colin qualified as a chartered accountant with Price Waterhouse in 1979, where he fulfilled various professional accounting positions in the UK, Europe and the Far East. Colin joined Christian Salvesen plc in 1987, undertaking senior financial management roles culminating in the position of European Financial Controller. In 1994, Colin moved to Aberdeen where he undertook CFO roles for two private-equity-backed oil service businesses. In 1999, Colin joined Star Energy Limited as a founder member and CFO and was instrumental in the company's successful listing on AIM in 2004, various subsequent share placings and the company's ultimate sale to Petronas. Colin co-founded Trans European Oil & Gas Limited, a company backed by KKR, with the strategy to develop a pan-European oil and gas business.

Mark Bolton, the current CFO, continues as a Non-Executive Director and Company Secretary of Oilex.

Oilex's CEO, Mr Roland Wessel, said: "Colin's appointment adds a wealth of experience and expertise to the Company and is in line with the Company's new strategy to enhance access to the AIM Market shareholder base. Having worked closely with Colin for over 20 years, I'm confident in his ability to help elevate the Company to the next level. "

Additional Information on Mr Colin Judd, aged 68

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

 
 
  Current Directorships or Partnerships    Directorships or Partnerships 
  Held                                     held within 5 Years 
  Trans European Oil & Gas Ltd             CMR Energy Limited 
 

Mr Judd does not currently hold any shares, or an interest over shares, in the Company.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

For and on behalf of Oilex Ltd

Roland Wessel

CEO

For further information, please contact:

 
 Investor Enquires            AIM Broker                    AIM Nominated                  Media Enquires 
  Oilex Ltd                   Novum Securities              Adviser                        (UK) 
  Joe Salomon                 B roker                       Strand Hanson                  Vigo Consulting 
  Executive Chairman          Colin Rowbury                 Limited                        Investor Relations 
  Email: oilex@oilex.com.au   Email:                        Nominated Adviser              Patrick d'Ancona/Chris 
  Tel: +61 8 9485             crowbury@novumsecurities.co   Rory Murphy/Ritchie            McMahon 
  3200                        m                             Balmer                         Email: 
  Australia                   Tel: +44 20                   Email:                         patrick.dancona@vigoconsult 
                              7399 9427                     oilex@strandhanson.co.uk       ing.com 
                              UK                            Tel: +44 20 7409               chris.mcmahon@vvigoconsulti 
                                                            3494                           ng.com 
                                                            UK                             Tel:+ 44 20 7390 
                                                                                           0230 UK 
 

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END

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July 02, 2021 03:15 ET (07:15 GMT)

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