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Oilex hires new CFO

Published: 03:32 21 Oct 2014 EDT

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Oilex (LON:OEX) has hired Chris Bath as its new chief financial officer (CFO).

The company said that Bath, formerly CFO of Australia’s Buru Energy, brings to the company experience of debt and equity markets, mergers and acquisitions, joint venture management and operations.

Bath will also take on the role of company secretary, though he won’t join the Oilex board at this time. He replaces incumbent Robert Ierace.

"We are delighted to announce Chris's appointment,” said managing director Ron Miller.

“The board welcomes him to the senior management team and we look forward to his contribution to the business as we progress the development of our Indian and Canning Basin assets and review additional opportunities for growth.”

Buru Energy is entirely focused on the Canning Basin, with a portfolio of permits spanning some 72,000 square kilometres of the under-explored area of Western Australia.

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