7 October 2013
Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) today announces the departure of Chief Operating Officer, Mr Michael Maloney, with effect from 4 October 2013. His responsibilities will be absorbed by current team members based in India. This team includes a number of recent recruits with extensive experience using proven technology to develop tight hydrocarbon resources in North America. In addition, Vice Chairman, Mr. Sundeep Bhandari resident in India and the Perth Office Leadership Group, with the assistance of our JV Partner - GSPC personnel, will devote additional time to actively develop Oilex's flagship asset, the Cambay Tight Oil and Gas Project.
For and on behalf of the Board
Ron Miller
Managing Director
For further information, please contact:
Oilex Ltd Ron Miller, Managing Director Email: [email protected] Tel: +61 8 9485 3200 Australia |
RFC Ambrian Limited Nominated Adviser and AIM Broker Samantha Harrison Email: [email protected] Tel: +44 203 440 6800 UK |
Tavistock Communications Ed Portman Email: [email protected] Tel: +44 207 920 3150 UK |
