AusTex Oil Limited (ASX:AOK) Appoints Mr Luis Vierma as Non-Executive Director
Sydney, Aug 31, 2011 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) is pleased to advise the appointment of Mr Luis Vierma, a partner in Iroquios Capital Opportunity Fund LP (ICO Fund), as a Non-Executive Director of the Company effective 1 September 2011. Mr Vierma holds a Bachelor's Degree in Chemistry and a Master's degree in Geology (Geochemistry of Petroleum).
Prior to joining ICO Fund, he was formerly the Deputy Chairman of OPEC Long Term Strategy, Deputy Director of Hydrocarbons at the Energy Ministry of Venezuela, President of CVP, an affiliate of Petrõleos de Venezuala S.A. (PDVSA), and Director and Chairman of CITGO. Mr Vierma was also the Vice President of Exploration and Production PDVSA, President of PDVSA Research Centre and Professor of Chemistry at Universidad Central de Venezuela. He has 32 yrs of global experience in the oil and gas industry.
The Board extends a warm welcome to Mr Vierma and believes that his industry experience and global perspective will assist AOK in forming strategic alliances to further develop the company's US based oil and gas assets.
About Australian Oil Company Limited
Australian Oil Company Limited (ASX:AOK) (OTCMKTS:SGCSF) is an Australian-based energy company focused on under-explored, recently over-looked, world class oil and gas opportunities near under-supplied markets. The Company is currently focussed on conventional oil and gas exploration and production in the Sacramento Basin in California. Australian Oil has a portfolio of natural gas and oil producing wells in addition to prospects and discoveries at various exploration and appraisal stages. AOK is in the process of evaluating the acquisition of oil and gas producing and exploration assets to enhance the Company's strategic needs and deliver shareholder value.
| ||
|
