Oilex appoints Peter Schwarz to its Board as Independent Director

– AUSTRALIA, West Perth –  Oilex Ltd (LON: OEX | ASX: OEX) today announced the appointment of Peter Schwarz as an Independent Non-Executive Director effective immediately.

Chairman of Oilex, Brad Lingo, said: “We are delighted with Peter’s appointment to the board of Oilex. In addition to expanding the number of independent directors, Peter’s appointment bolsters the technical depth and business development capability of the board as the Company continues its strategy to expand the projects in its portfolio.”

About Peter Schwarz

A former director of BG Exploration and Production Limited and CEO of independent exploration company Virgo Energy Ltd, Peter is a certified petroleum geologist and business development professional with over 35 years’ experience in the oil and gas industry. Peter has previously held various senior management roles with Amerada Hess, BG, and Marubeni and is currently a director of Finite Energy Limited, an oil and gas consultancy business he founded over 10 years ago, specializing in strategy and business development advice in the UK and Europe. Mr Schwarz holds a B.Sc. in Geology and an M.Sc. in Petroleum Geology from the University of London.

For more information: http://www.oilex.com.au

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