The Board of Bass Strait Oil Company Ltd. announced that it has appointed Non-Executive Director, Giustino (Tino) Guglielmo, as Executive Director of the company. Mr. Guglielmo is a well credentialed Petroleum Engineer with over 33 years of technical, managerial and senior executive experience in Australia and internationally. As such, Steven Noske has ceased employment as CEO effective February 2, 2015.

Mr. Guglielmo is to complete the strategic review, providing the Board with recommendations for the future direction of the Company, the make-up of its portfolio of assets, maximising the value of its existing assets and identification of future growth opportunities.