Arturus Capital Limited (Arturus Capital) advises that its U.S. subsidiary, Arturus Energy,
LLC (Arturus Energy), has today agreed to finalise a strategic alliance with Extex Operating
Company (Extex) - a highly experienced participant in the U.S. oil and gas industry - and Mr
Wallis Marsh.
Mr Marsh is the founder and CEO of the Extex Companies, an independent energy group
engaged in the acquisition, production, exploration, development and operation of oil and gas
interests in southern U.S.A. Previously, Mr Marsh worked as a production engineer, crude oil
analyst, facilities engineer and field production engineer for a number of U.S. oil and gas
companies. Mr Marsh graduated from the University of Oklahoma in 1990 with a degree in
petroleum engineering.
Arturus Energy, Extex and Mr Marsh have entered into a non-binding letter agreement under
which they have agreed to prepare and finalise consulting and management services
agreements for the provision of consulting, management and operation services by Extex and
Mr Marsh, including:
assisting Arturus Energy to identify, screen and evaluate U.S. oil and gas investment
opportunities;
providing technical and operational advice regarding the operation and management of
Arturus Energy’s investments in the U.S. oil and gas sector; and
acting as operator, or procuring an Extex Operating Co. to act as operator, of oil and gas
interests acquired by Arturus Energy.
Arturus Capital Limited ABN 79 001 001 145
Suite 1709, Level 17 Australia Square, 264 George Street, Sydney NSW 2000 T +61 2 9291 2400 F +61 2 9291 2444
www.arturuscapital.com
In addition to agreed fees for consulting and operating services, the letter agreement also
provides for Mr Marsh to be offered royalty interests in, and the opportunity to invest in,
Arturus’s U.S. oil and gas interests. The quantum of the royalty interests and co-investment
rights will depend on whether Mr Marsh or Arturus introduced the U.S. oil and gas interest or
project.