Salomon gets another year as Oilex MD

Oilex announced on Friday that Jonathan Salomon’s term as managing director of the company had been extended by a further one year with immediate effect.

The AIM-traded firm said Salomon has over 30 years of experience in the oil and gas exploration and production business in both conventional and unconventional projects, and brought specific Indian business and oil and gas expertise.

“Joe has made a significant contribution to the company in the past year and we are pleased to have him lead the company for another year,” said chairman Brad Lingo.

“Following the successful capital raising with Cornhill Capital, Joe will be driving the implementation of the active field programme at Cambay, India.”