TIDMOEX

RNS Number : 1012Z

Oilex Ltd

24 May 2016

ASX Announcement

24 May 2016

ASX: OEX

AIM: OEX

Executive Management Changes

Oilex Ltd advises that Chief Financial Officer (CFO) and Company Secretary Mr Chris Bath has resigned from the Company with immediate effect.

Mr Cathal Smith has been appointed as interim Company Secretary effective immediately. Mr Smith is retained by Oilex and has served in the capacity of Legal Counsel & Commercial Manager for the last 3 years including a period as interim Company Secretary.

During the intervening period while a replacement is being appointed, commercial and administrative functions will continue to be managed by the existing Financial Controller and the finance and commercial team.

Managing Director of Oilex, Joe Salomon, said:

"Chris has worked tirelessly for the Company since his appointment in October 2014, and has greatly assisted Oilex in developing its projects and managing its capital raisings and financial administration requirements. This has been undertaken against a challenging background for the industry. We would like to thank Chris for his consistent efforts and wish him well in his future endeavours. A search for a replacement CFO and Company Secretary is currently underway."

For and on behalf of Oilex Ltd

Jonathan Salomon

Managing Director

For further information, please contact:

 
 Investor                     Nominated                     Media Enquires                Media Enquiries 
  Enquiries                   Adviser                       (UK)                          (Aus) 
  Oilex Ltd                   Strand Hanson                 Vigo Communications           Citadel-MAGNUS 
  Joe Salomon                 Limited                       Public Relations              Public Relations 
  Managing                    Nominated                     Patrick d'Ancona/Chris        Michael Weir 
  Director                    Adviser                       McMahon                       Email: 
  Email: oilex@oilex.com.au   Rory Murphy/Ritchie           Email:                        mweir@citadelmagnus.com 
  Tel: +61                    Balmer                        patrick.dancona@vigocomms.c   Tel: +618 
  8 9485 3200                 Email:                        om                            6160 6900 
  Australia                   oilex@strandhanson.co.uk      chris.mcmahon@vigocomms.com   Australia 
                              Tel: +44 20                   Tel: +44 20 
                              7409 3494                     7830 9700 
                              UK                            UK 
===========================  ============================  ============================  =============================

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 24, 2016 03:09 ET (07:09 GMT)

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