TIDMOEX

RNS Number : 7790H

Oilex Ltd

15 March 2018

ASX Announcement

15 March 2018

ASX: OEX

AIM: OEX

Managing Director - Contract Extension

Oilex Ltd (the Company) is pleased to announce that Mr Jonathan Salomon's term as the Managing Director of the Company has been extended by a further year.

Mr Salomon has over 30 years of experience in the oil and gas exploration and production business in both conventional and unconventional projects and brings specific Indian business and oil and gas expertise.

Chairman of Oilex, Brad Lingo, said;

"We are very pleased to extend Joe's contract, as he continues to drive progress in the Company's key operations in India. With approval of the Cambay PSC extension imminent, Joe will lead the Company's 2018-19 field programme as the Company seeks to unlock value for shareholders from our substantial gas resources."

For and on behalf of Oilex Ltd

Brad Lingo

Chairman

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 4900 
  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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March 15, 2018 03:00 ET (07:00 GMT)

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