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 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.
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