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May 24, 2016
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.'
Executive Management Changes
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Oilex Ltd
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CODE : OEX.AX |
ISIN : AU000000OEX8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oilex is a and oil exploration company based in Australia. Its main asset in production is LA ROCCA-1 in Australia. Oilex is listed in Australia. Its market capitalisation is AU$ 3.0 millions as of today (US$ 2.2 millions, € 2.2 millions). Its stock quote reached its highest recent level on January 14, 2011 at AU$ 0.50, and its lowest recent point on February 05, 2021 at AU$ 0.00. Oilex has 1 493 769 984 shares outstanding. |