Oilex Ltd was incorporated in Australia. Its operations are based out of five offices - our Perth head office, where geotechnical work, financial management and control are located; two in India focused on operations and government relations; and one in each in Muscat, Oman and Dili, Timor-Leste for field logistic, administration and finance support and government liaison. Currently Oilex's main country of operation for the purposes of AIM Rule 26 is India.

The Company is directing its efforts towards opportunities that have the potential to provide an exceptional return on investment. Our focus remains on searching for exploration and production assets in the prospective hydrocarbon basins of India , Australia - particularly in the Northwest Shelf and in the Timor Sea, and in the countries of Southeast and South Asia and near Middle East around the rim of the Indian Ocean. With eight permits/interests in prospective basins, Oilex has rapidly compiled a significant portfolio of oil and gas acreage that has a well-balanced mix of risk and reward.

Oilex now has interests in three field re-development and exploration projects in India; two exploration permits offshore Australia; one production sharing contract in the Joint Petroleum Development Area between Timor-Leste and Australia; one exploration and production sharing agreement onshore Oman and one production sharing contract onshore Sumatera Indonesia. Oilex is the operator of joint ventures comprising major Indian energy companies in all areas save for Indonesia. In Indonesia Oilex is non operator in a joint venture with an Indonesian company.

Website

http://www.oilex.com.au/index.cfm


Quarterly Report ( 31st October 2012 )

http://tinyurl.com/9ge6tx3

One Year Chart

Three Month Chart

29 June 2015
ASX: OEX
AIM: OEX

Cambay Field: Gas Sales Commence

· Gas sales have commenced from Cambay-73 well which demonstrated deliverability in excess of 95 boepd during start-up operations, significantly above expectation.

· Cambay-73 average daily production is now ~50.5 boepd, including condensate, as production increases.

· Field production will further increase when Cambay-77H starts production and the 5 firm workovers are completed in H2 2015.

· Targeting cash flow positive operations in India by the end of 2015.

Oilex Ltd is pleased to announce the commencement of gas sales from Cambay-73 into the low pressure local market near the Cambay Field. Average daily production from Cambay-73 is ~ 50.5 boepd including condensate. This is the first gas to be sold from the Y zone in the Eocene EP-IV Formation that contains 2P gas Reserves of 206 Bcf and 2P oil Reserves of 8 MMbbls as independently assessed by RISC Operations Pty Ltd. For further information, please refer to Oilex's announcement dated 16 April 2015 for details of the independently classified Cambay Field Reserves and Contingent Resources.

Demand for gas from local light industrial businesses is ongoing, with expressions of interest to purchase gas continuing to be received by Oilex including from buyers who previously bid for Cambay-73 gas. Later this year, Oilex intends to recommence production from Cambay-77H to increase gas sales to the local market as well as commencing gas sales from Bhandut-3. In addition, the approved firm work programme for 2015/16, which is subject to available funding, includes 5 well workovers and consideration is being given to those which have penetrated the same formation and could be capable of gas production for the local market.

Condensate (API 49º) co-produced with gas is separated at the Cambay Field, combined with other Cambay Field crude oil and transported by truck to be sold to a nearby refinery at import parity price using Bonny Light Crude as a marker reference.

Managing Director of Oilex, Ron Miller, said;

"The commencement of gas production from Cambay-73 facilities is a significant milestone for Oilex and marks the first step on the path to achieving positive cash flow from operations in India. Oilex continues to deliver on its plan of production, near-term cash flow and reserves growth to create a sustainable business in the midst of a robust and supportive domestic market for petroleum energy."

For and on behalf of Oilex Ltd

Ron Miller
Managing Director

http://www.moneyam.com/action/news/showArticle?id=5065107

1 July 2015

Trading halt request

Oilex Ltd (ASX: OEX, AIM: OEX) (Oilex) requests a trading halt in the quotation of its ordinary shares effective immediately.

Pursuant to ASX Listing Rule 17.1, Oilex provides the following information:

· the trading halt is requested pending the outcome of a proposed capital raising;

· Oilex requests the trading halt remain in place until the earlier of such time as it is in a position to make an announcement in relation to the outcome of the proposed capital raising and the commencement of trading on Friday 3 July 2015; and

· Oilex is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is necessary to inform the market or the ASX about the trading halt.

Yours faithfully

Chris Bath

http://www.moneyam.com/action/news/showArticle?id=5067576

Oilex falls as investors await funding news
08:59 01 Jul 2015
Jamie Ashcroft

Oilex requested a trading halt for its Australian securities


Oilex (LON:OEX) shares dropped around 8% in early deals on Wednesday as investors anticipate funding news.

A statement today revealed the company had requested a halt to trading in its Australian shares “pending the outcome of a proposed capital raising”.

Trading may not resume in the Aussie listed securities until the end of the week.

“Oilex requests the trading halt remain in place until the earlier of such time as it is in a position to make an announcement in relation to the outcome of the proposed capital raising and the commencement of trading on Friday 3 July,” the company said in the statement.

On AIM, Oilex shares were down 0.25p, 8.3%, trading at 2.75p each.

Monday brought the news that gas sales had begun from Oilex’s flagship Cambay field in India.

Production begun with the Cambay-73 well, which came online with indications that it could potentially exceed expectations.

Output is expected to ramp-up with the ongoing development of the Cambay field; which will see the 77-H well come online, and five additional work-over wells. Gas production is also expected from the start-up of the Bhandut 3 well.

Oilex is targeting ‘cash flow positive operations’ in India by the end of 2015.

http://www.proactiveinvestors.co.uk/companies/news/108581/oilex-falls-as-investors-await-funding-news-108581.html

3 July 2015
ASX: OEX
AIM: OEX

ASX Voluntary Suspension

Further to the announcement of 1 July 2015, Oilex (ASX: OEX, AIM: OEX) ("Oilex", or the "Company") announces that the securities of the Company have been placed in a voluntary suspension on the Australian Securities Exchange ("ASX") pending the release of an announcement regarding the proposed capital raising.

The suspension was granted by the ASX at the Company's request in accordance with the ASX Listing Rules, in order to allow a proposed capital raise to be finalised. The Company anticipates the suspension on the ASX will remain in place until the earlier of such time it makes an announcement to the market in relation to the outcome of the proposed capital raise, or the commencement of trading on 7 July 2015. The Company's ordinary shares will continue to trade on AIM during this period.

http://www.moneyam.com/action/news/showArticle?id=5069903

7 July 2015
ASX: OEX
AIM: OEX

ASX Voluntary Suspension


Further to the announcement of 3 July 2015, Oilex (ASX: OEX, AIM: OEX) ("Oilex", or the "Company") announces that the securities of the Company continue in voluntary suspension on the Australian Securities Exchange ("ASX") pending the release of an announcement regarding the proposed capital raising.

The suspension was granted by the ASX at the Company's request in accordance with the ASX Listing Rules, in order to allow a proposed capital raise to be finalised. The Company anticipates the suspension on the ASX will remain in place until the earlier of such time it makes an announcement to the market in relation to the outcome of the proposed capital raise, or the commencement of trading on 8 July 2015. The Company's ordinary shares will continue to trade on AIM during this period.

http://www.moneyam.com/action/news/showArticle?id=5071182

Oilex Aussie trading suspension continues
Jamie Ashcroft
08:28 07 Jul 2015

The company’s AIM quoted shares continue to be tradeable

Oilex (LON:OEX) told investors that its Australian shares remain suspending from trading pending funding news.

ASX quoted shares were suspended at the company’s request earlier this month to allow a proposed funding to be finalised.

The company said the suspension on the ASX will remain in place until either it makes an announcement to the market of the proposed capital raise, or by July 8 (tomorrow).

In London the company’s AIM quoted shares continue to be tradeable.

Oilex last month began gas sales from its flagship Cambay field in India. Production begun with the Cambay-73 well, which came online with indications that it could potentially exceed expectations.

Output is expected to ramp-up with the ongoing development of the Cambay field; which will see the 77-H well come online, and five additional work-over wells. Gas production is also expected from the start-up of the Bhandut 3 well.

Oilex is targeting ‘cash flow positive operations’ in India by the end of 2015.

SEE LINK FOR FULL ARTICLE


Placement and Rights Issue to Fund 2015/16 Work Programme



· Two tranche placement and underwritten rights issue to raise US$23 million (A$30 million) (Capital Raising)*

· Fully funded to deliver the Cambay Field 2015/16 work programme, a transformational event for the Company

· First tranche placement completed to raise US$1.4 million (A$1.8 million)

· Second tranche placement completed to raise US$16.3 million (A$21.2 million), subject to shareholder approval

· Fully underwritten rights issue to raise US$5.3 million (A$7.0 million)

· Funds will be used for:

o the Cambay and Bhandut Field work programmes for 2015/16 year

o minimum work commitments in the Canning Basin and working capital

· Zeta Resources Limited (Zeta) to acquire approximately 19.6% interest in Oilex



Managing Director of Oilex, Ron Miller, said;

"We are very pleased with the strong support for the Placement and welcome a number of new institutional and sophisticated investors to the Company. Successful delivery of the Cambay Field 2015/16 work programme will be a transformational event for Oilex and India. These wells will continue to demonstrate the potential of the Cambay Basin to deliver indigenous natural gas and oil to India's fast growing economy by using horizontal wells and multistage fracture stimulation technology.

For Oilex, it means increased production and cash flow to build a strong foundation for future growth in shareholder value and returns."



For and on behalf of Oilex Ltd
Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5071834

Oilex Proposes Raising AUD30 Million Via Placing, Rights Issue (ALLISS)
Alliance News 7 July, 2015 | 3:39PM

LONDON (Alliance News) - Oilex Ltd Tuesday said it has conducted a placing to raise AUD1.8 million and will seek shareholder approval to conduct a further, larger placing to raise another AUD21.2 million and a rights issue for a further AUD7.0 million.

Oilex is aiming to raise a total of AUD30 million under its proposals.

The company, under its ASX listing, has issued 45.4 million new shares at AUD0.041 per share to raise the AUD1.8 million, roughly USD1.4 million.

Oilex did not need shareholder approval to conduct the placing. However, Oilex will seek approval from shareholders to issue a second tranche of shares, consisting of a further 287.3 million new shares at AUD0.041 per share and another 225.5 million new shares at AUD0.0418 per share to raise a combined AUD21.2 million, roughly USD16.3 million.

Under that second tranche, the 225.5 million new shares at AUD0.0418 will be issued to Zeta. Zeta is paying the higher price in consideration of a deferred settlement date for those shares of up to five months from the general meeting where shareholders will vote on the second tranche, it said.

On completion of the capital raising, if approved, Zeta will hold approximately 19.6% of the expanded shares in issue.

"This deferred settlement is not expected to impact the timing of the Cambay and Bhandut Field 2015/16 work programmes," said Oilex.

The company is also separately undertaking a renounceable rights issue to all eligible shareholders to enable eligible shareholders to have the opportunity to participate in the capital raising process at the same price as the first tranche at AUD0.041 per share.

That rights issue is fully underwritten and expected to raise a further total of AID7.0 million or USD5.3 million via the issue of 169.5 million new shares on the basis of 1 new share at AUD0.041 for every 4 shares currently held by shareholders, it said.

The meeting for shareholders to vote on the company's plans will take place on August 12.

Oilex shares were down 4.4% to 2.15 pence per share on Tuesday afternoon.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Oilex unveils plans for major US$23mln recapitalisation
Jamie Ashcroft
16:11 07 Jul 2015

Proceeds will enable a 'transformational' work programme in India and Australia, Oilex says

Oilex (LON:OEX) has unveiled plans to raise US$23mln (A$30mln) through the sale of new shares, the majority of which will be bought by Australian group Zeta Resources.

It represents a major recapitalisation for the company, which at a price of 2.12p has a current market value of just under £14.5mln.

Proceeds of the share sale will be used to fund a 'transformational' work programme over the course of 2015 and 2016, Oilex told investors.

Not only will the funding support the expansion of gas producing operations at the Cambay field in India, including two new wells, it will also allow Oilex to complete its minimum work commitments in the Canning basin, in Western Austalia.

Ron Miller, Oilex chief executive, in a statement said: “Successful delivery of the Cambay Field 2015/16 work programme will be a transformational event for Oilex and India.

“These wells will continue to demonstrate the potential of the Cambay Basin to deliver indigenous natural gas and oil to India's fast growing economy by using horizontal wells and multistage fracture stimulation technology.

“For Oilex, it means increased production and cash flow to build a strong foundation for future growth in shareholder value and returns."

There will be an initial US$1.4mln (A$1.8mln) share placing to sophisticated investors will provide a quick injection of capital.

A subsequent US$16.3mln (A$21.2mln) transaction will see Zeta take a 19.6% stake in AIM and ASX listed Oilex, meanwhile, existing investors also have the opportunity to subscribe for new shares via an underwritten US$5.3mln (A$7mln) rights issue.

Shares created though the major recapitalisation will represent around two thirds of the enlarged company.

New shares sold via the share placings will be priced at 2p (or 4.1 cents), whereas the rights issues works out at 2.04p per share.

Shareholders will be able to buy one new Oilex share for every four existing shares they own.

The Zeta share placing will be subject to approval from existing shareholders, and it is anticipated that a vote will take place at an EGM pm August 12.

NOTICE OF GENERAL MEETING

Annexure A "Explanatory Memorandum" (attached)

should be read in conjunction with this Notice of Meeting.

http://www.moneyam.com/action/news/showArticle?id=5072131

FULL ANNOUNCEMENT FROM LINK AT BOP.

8 July 2015

Dear Option Holder

Oilex Ltd - Renounceable rights issue


As announced today, Oilex Ltd (Oilex) is undertaking a renounceable pro-rata offer of new ordinary shares in Oilex (New Shares) at an offer price of A$0.041 (or £0.02 for Depository Interest holders) per New Share to raise approximately A$7.0 million (before costs) (Rights Issue). The Rights Issue is being made on the basis of 1 New Share for every 4 Oilex shares held at 5.00pm (AWST) on 14 July 2015 or in the case of Depositary Interest holders, 5.00pm (GMT)) on 13 July 2015 (the Record Date). The Rights Issue is being fully underwritten by Patersons Securities Limited.

http://www.moneyam.com/action/news/showArticle?id=5072227

ASX Announcement
9 July 2015
ASX: OEX
AIM: OEX

Rights Issue - Letter to Shareholders and revised Timetable

Attached is a copy of the letter being sent to Oilex Ltd shareholders today in connection with the renounceable rights issue announced yesterday.

The timetable for the rights issue has been updated. The updated timetable is set out in the attached letter.

Yours faithfully
Chris Bath
Company Secretary

Rights Issue – Letter to Shareholders and revised Timetable

http://www.moneyam.com/action/news/showArticle?id=5073039

Missed this from yesterday:

Oilex boss on transformational programme and cash generation (video)

Published on 9 Jul 2015


Ron Miller, chief executive of Oilex (LON:OEX), tells Proactive Investors about the multi-million US dollar recapitalisation that allows the oil and gas exploration and production company to ramp up production in India, service local gas markets and enter the national grid.

Miller expects a lot of activity over the next 18 months as Oilex targets becoming operationally cash flow positive in India by the end of 2015 on the back of 340 barrels of oil equivalent per day of production from the Cambay and Bhandut fields. Oilex will also be spudding Cambay 78 and Cambay 80 and drilling those wells to completion.

https://www.youtube.com/watch?v=cdNwlvZqyEY

15 July 2015
ASX: OEX
AIM: OEX

Issue of Shares under First Tranche Placement


As announced on 8 July 2015, Oilex Ltd (Oilex) is undertaking a capital raising to raise approximately A$30 million. Oilex is pleased to announce that the First Tranche Placement of 45 million new ordinary shares (Placement) under the Company's existing placement capacity pursuant to ASX Listing rule 7.1, at an issue price of A$0.041 to sophisticated investors to raise A$1.8 million (before issue costs) has been successfully completed.

The funds raised from the Placement will be applied towards the 2015/16 work programme in India, minimum work commitments in the Canning Basin and working capital. The 2015/16 work programme in India includes 2 horizontal multistage fracture stimulated production wells and 5 workovers of legacy wells at the Cambay Field designed to start production of the previously announced independently classified Reserves. This programme is expected to significantly increase Oilex's production and cash flow after the 2 production wells, Cambay-78H and Cambay-80H, are brought online.

Managing Director of Oilex, Ron Miller, said;

"We are very pleased with the strong support for the Placement and welcome a number of new institutional and sophisticated investors to the Company. Successful delivery of the Cambay Field 2015/16 work program will be a transformational event for Oilex and India. These wells will continue to demonstrate the potential of the Cambay Basin to deliver indigenous natural gas and oil to the India's fast growing economy by using horizontal wells and multistage fracture stimulation technology.

For Oilex, it means increased production and cash flow to build a strong foundation for future growth in shareholder value and returns."

http://www.moneyam.com/action/news/showArticle?id=5076033

Oilex Issues Shares In First Stage Of AUD30 Million Fundraising (ALLISS)
Alliance News 15 July, 2015 | 9:04AM
By Joshua Warner

LONDON (Alliance News) - Oilex Ltd Wednesday said it has issued the first tranche of shares under its AUD30 million capital raising.

The India-focused oil company said it has completed the issue of 45.0 million new shares in the company at AUD0.041 per share to "sophisticated investors" to raise a total of AUD1.8 million.

That is part of the company's larger capital raising announced earlier in July. The first stage is now complete and will be followed by a further, larger placing to raise another AUD21.2 million and a rights issue for a further AUD7.0 million to reach the ultimate AUD30 million target.

Oilex did not need shareholder approval to conduct the first placing, but will need approval to issue a second tranche of shares, consisting of a further 287.3 million new shares at AUD0.041 per share and another 225.5 million new shares at AUD0.0418 per share to raise a combined AUD21.2 million, roughly USD16.3 million.

Under that second tranche, the 225.5 million new shares at AUD0.0418 will be issued to Zeta Resources Ltd. Zeta is paying the higher price in consideration of a deferred settlement date for those shares of up to five months from the general meeting where shareholders will vote on the second tranche.

On completion of the capital raising, if approved, Zeta will hold approximately 19.6% of the expanded shares in issue. Zeta is an active, resources focused holding and development company listed on the ASX, and is 85% owned by Utilico Investments Ltd.

The company also will separately undertaking a renounceable rights issue to all eligible shareholders to enable shareholders to have the opportunity to participate in the capital raising process at the same price as the first tranche at AUD0.041 per share.

That rights issue is fully underwritten and expected to raise a further total of AUD7.0 million, or USD5.3 million, via the issue of 169.5 million new shares on the basis of 1 new share at AUD0.041 for every 4 shares currently held by shareholders.

The total AUD30 million capital raising will be used for the company's work programme at the Cambay oilfield in India during 2015 and 2016. The 2015/16 work programme in India includes two horizontal multistage fracture stimulated production wells and five workovers of legacy wells.

"This programme is expected to significantly increase Oilex's production and cash flow after the two production wells, Cambay-78H and Cambay-80H, are brought online," said Oilex Wednesday. Oilex shares were up 4.1% to 2.08 pence per share on Wednesday morning.

16 July 2015
ASX: OEX
AIM: OEX

JPDA 06-103 Joint Venture

Further to the Announcement of 14 May 2015, Oilex Ltd ("Oilex"), in its capacity as Operator, on behalf of the Joint Venture Participants in the Joint Petroleum Development Area ("JPDA") 06-103 Production Sharing Contract ("PSC") has received a Notice of Termination and Demand for Payment ("Notice") from the Autoridade Nacional do Petroleo ("ANP").

The Notice accords with details set out in the previous Announcement.

The parties continue to discuss the financial liability of the Contractor upon termination.

http://www.moneyam.com/action/news/showArticle?id=5076905

JPDA 06-103 Joint Venture (14th May 2015)

ASX Announcement
17 July 2015
ASX: OEX
AIM: OEX

Dispatch of Offer Booklet and Entitlement and Acceptance Form


Oilex Ltd is pleased to announce that in respect of the pro-rata renounceable entitlement offer announced on 7 July 2015, the following documents have now been dispatched to shareholders:

· Offer Booklet dated 15 July 2015; and

· Entitlement and Acceptance Form.

A copy of these documents is attached.

http://www.rns-pdf.londonstockexchange.com/rns/3383T_-2015-7-17.pdf


http://www.moneyam.com/action/news/showArticle?id=5077655

17 July 2015

Dear Shareholder


Oilex Ltd - Renounceable Rights Issue


Background

As announced on 7 July 2015, Oilex Ltd (Oilex) is undertaking a capital raising to raise approximately A$30 million. As part of the capital raising Oilex is undertaking a renounceable pro-rata offer of new ordinary shares in Oilex (New Shares) at an offer price of A$0.041 (or £0.02 for Depository Interest holders) per New Share to raise approximately A$7 million (before costs) (Rights Issue). The Rights Issue is being made on the basis of 1 New Share for every 4 Oilex shares held at 5.00pm (AWST) (or in the case of Depositary Interest holders, 5.00pm (GMT)) on 14 July 2015 (the Record Date). The Rights Issue is being fully underwritten by Patersons Securities Limited.

The net proceeds of the Rights Issue will be used primarily to fund part of the Cambay and Bhandut Field work programmes for the 2015/16 year, minimum work commitments in the Canning Basin and general working capital purposes.

This letter is to inform you about the Rights Issue, and to explain why you will not be able to subscribe for New Shares under the Rights Issue. This is not an offer to issue New Shares to you, nor an invitation for you to apply for New Shares. You are not required to do anything in response to this letter.

More from link below:

Oilex Ltd - Renounceable Rights Issue

Oilex proceeds with A$7mln rights issue
08:36 17 Jul 2015
Jamie Ashcroft

The rights issue is part of a larger financing round

Oilex(LON:OEX) has publicised the details of its proposed A$7mln shareholder rights issue which forms part of a larger A$30mln funding.

Cash proceeds from the fund raise are earmarked for a major work programme to scale up the Cambay and Bhandut gas fields in India.

Shareholders have the right to purchase one new Oilex share, priced at 4.1 Australian cents, for every four existing shares they own.

Only shareholders in Australia, New Zealand or the United Kingdom are eligible to participate.

The record date for the rights issue was July 14 (so the above terms are applicable to shareholdings on that date) and shareholders have until 5pm Western Australian time on July 28 to take up their right to buy shares.

Earlier this week Oilex completed an initial A$1.8mln share placing.

A further placing of shares to Zeta Resources will complete the $30mln funding round.

Zeta is acquiring investing A$21.2mln in return for a 19.6% stake in the company.