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
  -0.005 -2.78% 0.175 0.17 0.18 0.18 0.175 0.18 58,199,573 09:49:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.4 -0.1 - 5

Oilex Ltd Executive Contract Extensions

30/09/2019 7:00am

UK Regulatory (RNS & others)

Oilex Ld (LSE:OEX)
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RNS Number : 0562O

Oilex Ltd

30 September 2019

30 September 2019



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


For further information, please contact:

 Investor               AIM Broker                  AIM Nominated          Media Enquires         Media Enquiries 
 Enquiries              Novum Securities            Adviser                (UK)                   (Aus) 
 Oilex Ltd              Broker                      Strand Hanson          Vigo Communications    Citadel-MAGNUS 
 Joe Salomon            Colin Rowbury               Limited                Public Relations       Michael Weir 
 Managing               Email:                      Nominated              Patrick                Email: 
 Director               crowbury@novumsecurities.   Adviser                d'Ancona/Chris         mweir@citadelmagnus. 
 Email:                 com                         Rory Murphy/Ritchie    McMahon                com     Tel: +44 20                 Balmer                 Email:                 Tel: +618 
 Tel: +61               7399 9427                   Email:                 patrick.dancona@vigo   6160 4900 
 8 9485 3200            UK                          oilex@strandhanson.c              Australia 
 Australia                                                   chris.mcmahon@vigoco 
                                                    Tel: +44 20   
                                                    7409 3494              Tel:+ 44 20 7390 
                                                    UK                     0230 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

September 30, 2019 02:00 ET (06:00 GMT)

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