Director Appointment
Sydney, Aug 20, 2012 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) (OTCQX:ATXDY) wishes to advise of the appointment of Mr Justin Clyne to the Board as a non-executive director pursuant to clause 12.7 of the Company's Constitution effective from today. Justin's appointment as a director is in addition to his current role as Company Secretary, which he has held since April 2009.
Justin was admitted as a Solicitor of the Supreme Court of New South Wales and High Court of Australia in 1996 before gaining admission as a Barrister in 1998. He is a director and/or secretary of a number of public listed and unlisted companies and has significant experience and knowledge in international law, the Corporations Act, the ASX Listing Rules and corporate regulatory requirements generally. Justin holds a Master of Laws in International Law from the University of New South Wales and is a qualified Chartered Company Secretary.
Justin's background as a lawyer will assist the Company in its transition to a dual listing on the TSXV for which preparations are underway.
The Board welcomes Justin, his experience, his ability to know and handle decisions with the utmost integrity and judgment and sincerely looks forward to his further contributions as a director.
About AusTex Oil Limited
AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is a Public Company listed on the Australian Securities Exchange (ASX) and the OTCQX.
AusTex is focused on exploration and development of oil and gas leases in the USA. The company produces oil and gas in Oklahoma and Kansas and is currently developing producing leases in both states with interests in 11,600 net acres of oil and gas leases in the Mississippi Lime Play. The Company has net production of circa 800 boe/day with Independent 1P reserves certified at 3.505 Million BOE with NPV10 of US34.8 million as at 31 December 2015.
US operations are based in Tulsa, Oklahoma, with an office at 1801 East 71st Street. International Energy Corporation (Oklahoma) is a wholly owned subsidiary and a licensed oil and gas operator in Oklahoma and Kansas.
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