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OILEX LTD - Dual Listed Oil & Gas Explorer (OEX)     

Alex 36 - 01 Nov 2012 11:04



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

banjomick - 04 Aug 2015 00:02 - 141 of 293

31 July 2015

ASX: OEX
AIM: OEX

Notification of Rights Issue Shortfall



Oilex Ltd advises that the recent 1 for 4 renounceable Rights Issue closed on 28 July 2015. The results of the Rights Issue is as follows:


Total number of Shares under the Offer...............169,476,510
Total number of Shares applied for.......................16,235,098
Shortfall number of Shares................................153,241,412


The shortfall for the Offer is $6,282,898 and the shares will be allocated in accordance with the terms outlined in the Offer Booklet.

Yours faithfully,

Chris Bath

Chief Financial Officer and Company Secretary

http://www.moneyam.com/action/news/showArticle?id=5086578

banjomick - 04 Aug 2015 00:04 - 142 of 293

3 August 2015
ASX: OEX
AIM: OEX

Update on Underwritten Rights Issue



Oilex Ltd (Oilex or the Company) is pleased to provide an update on the result of the previously announced Underwritten Rights Issue, and announces changes to the second tranche of the previously announced Placing.

As announced on 31 July 2015, 16,235,098 Rights Issue Shares have been taken up by shareholders, resulting in a shortfall in the Rights Issue of 153,241,412 shares. Under the terms of the underwriting agreement in respect of the Rights Issue, and as disclosed in the Company's announcement of 17 July 2015 (paragraph 5.7 of the Offer Booklet), as the share price of Oilex has, during the offer period, fallen below the A$0.041 Rights Issue offer price, a potential termination event has been triggered whereby the underwriter has the right to terminate the underwriting agreement.

In light of this development, the Company has taken steps to seek alternative participants for part of the Rights Issue shortfall. Accordingly, Zeta Resources Ltd (Zeta) has agreed to take up 62,011,067 shares by way of placement out of the Rights Issue shortfall at the Offer Price of A$0.041, for a total consideration of approximately A$2.55 million (£1.24 million, US$1.95 million) and will receive a fee of 6% that would otherwise have been paid to the underwriter. On this basis, the underwriter has agreed not to invoke its termination right under the underwriting agreement, and the underwriter (or its nominees) will take up the remaining Rights Issue shortfall.

As announced on 7 and 8 July 2015, Zeta's participation in the second tranche of the Placing will be settled in 2 tranches. As a result of Zeta's take up of Rights Issue shortfall shares as outlined above, and in order that it and its associates do not breach relevant Australian takeovers laws (under which, broadly, a person may not acquire shares if that would cause their and their associates' voting power to exceed 20%), Zeta has agreed that its second tranche investment will now proceed as follows (subject to approval of the resolutions proposed at the Company's General Meeting convened for 12 August 2015):

· 50,000,000 new ordinary shares will be placed with Zeta at a price of A$0.041 (2 pence) per share, to be settled immediately following the General Meeting;

· a further 124,019,608 (previously 225,490,196) new ordinary shares will be placed with Zeta at a price of A$0.0418 (2.04 pence) per share, to be settled by no later than 12 November 2015. These shares will be issued out of the authorisation to be sought at the General Meeting (covering 225,490,196 shares); and

· in lieu of the remaining shares originally envisaged to be issued to Zeta, (being 101,470,588 shares) the Company will issue A$4,243,500 (approximately £2.07 million) of 20 year, zero coupon unsecured convertible loan notes to Zeta, which will be convertible into shares at Zeta's option at any time, subject to compliance with Australian law, at a conversion price of A$0.0418 per share. The issue of these convertible notes will occur contemporaneously with the issue to Zeta of the 124,019,608 new ordinary shares referred to above. These convertible notes will be issued pursuant to the Company's placement capacity under Listing Rule 7.1 (as refreshed at the General Meeting). To the extent that the convertible notes are not converted, they will be redeemable on 30 June 2035 or such later date as agreed with Zeta. The Zeta Convertible Notes will have the right to participate in rights issues and other pro-rata issues on an "as converted" basis, subject to compliance with law.

Upon completion of the Rights Issue and Tranche 2 placing, Zeta and associates will hold approximately 275 million ordinary shares, representing approximately 19.6% of the Company's enlarged share capital (on an undiluted basis). Zeta will also hold A$4,243,500 of unsecured convertible notes, convertible into 101,470,588 ordinary shares.

The remaining portion of the second tranche of the Placing will proceed as previously announced and the Placing timetable remains unchanged. Given their relevance to the matters to be considered at the General Meeting, shareholders will be notified of the above changes by letter in the coming days.


Managing Director of Oilex, Ron Miller, said;

"The financial support by Zeta not only in the second tranche, but now the Rights Issue shortfall is very pleasing and demonstrates their commitment to Oilex's business plan. This plan is focussed on production and cashflow from the recently independently assessed Reserves at our Cambay Field in India. We are delighted that the Rights Issue will successfully complete, leading to a General Meeting on 12 August 2015 where shareholders will have the opportunity to approve the second tranche of the Placing."

Yours faithfully,

Ron Miller
Managing Director

http://www.moneyam.com/action/news/showArticle?id=5087570

banjomick - 04 Aug 2015 07:53 - 143 of 293

04 August 2015

Dear Shareholder,

Capital Funding Program and General Meeting



I am writing to you with an update regarding your Company's capital funding program announced on 7 and 8 July 2015 and to give you some further updated information relevant to the resolutions to be voted on at the General Meeting of Oilex shareholders to be held on 12 August 2015 (General Meeting), as contained in the Notice of Meeting dated 7 July 2015.

The Company made an announcement on 3 August 2015 which contains details of the changes to the capital funding program. Broadly, Zeta Resources Limited (Zeta) has agreed to take up 62,011,067 shares by way of a placement out of the shortfall of the Company's recent rights issue and will receive a fee of 6% that would otherwise have been paid to the underwriter. On this basis, the rights issue is able to proceed to completion (with the remainder of the rights issue shortfall to be taken up by the underwriter or its nominees).

Full announcement via link below:

http://www.moneyam.com/action/news/showArticle?id=5088434

banjomick - 05 Aug 2015 07:58 - 144 of 293

05 August 2015
AIM: OEX

Issue of Shares under Rights Issue and Expiry of Unlisted Options



Oilex Ltd (Oilex) has today issued 16,235,098 ordinary shares at an issue price of $0.041 per share following receipt of acceptances in accordance with the terms of the Rights Issue.

The Company advises that application has also been made for the admission to trading on AIM and it expects the shares to be admitted to trading on AIM on 11 August 2015.



Expiry of Unlisted Options

Oilex also advises the cancellation of 75,000 employee options that have expired.

http://www.moneyam.com/action/news/showArticle?id=5089334

banjomick - 06 Aug 2015 07:52 - 145 of 293

06 August 2015
AIM: OEX

Issue of Shares under Rights Issue


Oilex Ltd has today issued 153,241,467 ordinary shares at an issue price of $0.041 per share following placement of the Rights Issue shortfall.

The Company advises that application has also been made for the admission to trading on AIM and it expects the shares to be admitted to trading on AIM on 12 August 2015.

For and on behalf of Oilex Ltd

http://www.moneyam.com/action/news/showArticle?id=5090086

banjomick - 12 Aug 2015 07:52 - 147 of 293

12 August 2015
ASX: OEX
AIM: OEX

Notice of change of interests to substantial shareholder

Please refer to the attached Form 604.

http://www.rns-pdf.londonstockexchange.com/rns/7983V_-2015-8-12.pdf

banjomick - 12 Aug 2015 07:55 - 148 of 293

12 August 2015
ASX: OEX
AIM: OEX

Results of General Meeting


Oilex Ltd (ASX/AIM: OEX) is pleased to advise the results of its General Meeting held today. All resolutions which were put to Shareholders were passed unanimously on a show of hands.

Proxy Voting
In accordance with Section 251AA of the Corporations Act, the proxy votes and number of shares voted are set out in the attached report from Oilex's share registry, Link Market Services.

http://www.rns-pdf.londonstockexchange.com/rns/7785V_-2015-8-12.pdf

Managing Director of Oilex, Ron Miller, said;

"We are delighted that all resolutions have been passed at today's General Meeting and the strong shareholder support for the outcome. We are pleased to welcome all new shareholders that will participate in the Tranche 2 placement, together with Zeta Resources Limited as a new cornerstone investor. The support of new and existing shareholders who recognise the opportunity to transform Oilex into a company having strong production and cashflow is encouraging. We look forward to completing Tranche 2 and focusing on delivery of the 2015/16 work programme."

For and on behalf of Oilex Ltd

Chris Bath

Chief Financial Officer and Company Secretary

http://www.moneyam.com/action/news/showArticle?id=5093205

banjomick - 12 Aug 2015 08:46 - 149 of 293

Westhouse analyst Henderson picks out small cap oil favourites


12:27 11 Aug 2015


Mark Henderson, director of oil & gas at Westhouse Securities, discusses the outlook for oil prices and why investors should look at junior stocks for value.

Speaking to Proactive Investors, the analyst runs through his top small cap oil picks including Lekoil (LON:LEK), Andes Energia(LON:AEN), Ithaca Energy (LON:IAE) and Oilex (LON:OEX).

69060_163846843643689_7687549_n.jpg?oh=f

youtube_logo_small_Cropped.jpg

banjomick - 18 Aug 2015 10:04 - 150 of 293

18 August 2015
ASX: OEX
AIM: OEX


Section 708A(5)(e) Notice - Issue of Shares under Second Tranche Placement and Cancellation of Unlisted Options

Oilex has today issued 287,303,319 ordinary shares at an issue price of $0.041 per share under the second tranche of the placement announced on 8 July 2015.



Oilex gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) that:

1. Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;

2 as at the date of this notice, Oilex has complied with:


(a) the provisions of Chapter 2M of the Act as they apply to Oilex; and

(b) section 674 of the Act; and


3 as at the date of this notice, there is no information that is 'excluded information' within the meaning of sections 708A(7) and 708A(8) of the Act.


The Company advises that application has also been made for the admission to trading on AIM and it expects the shares to be admitted to trading on AIM on 24 August 2015.


Cancellation of Unlisted Options

Oilex also advises that it has cancelled 600,000 employee options due to cessation of employment.

http://www.moneyam.com/action/news/showArticle?id=5096516

banjomick - 19 Aug 2015 10:10 - 151 of 293

19 August 2015
ASX: OEX
AIM: OEX

Expiry of Listed Options

Oilex Ltd notifies holders of the Company's 188,255,171 Listed Options (OEXO) (Options) that the Options will expire at 5:00pm WST on 7 September 2015 (Expiry Date).

The following information is provided as contemplated by ASX Listing Rule 6.24:

· each Option entitles the Option holder to apply for one fully paid ordinary share in the capital of the Company

· the exercise price for each Option is $0.15 per Option

· if an option is exercised, payment would be required prior to 7 September 2015

· if the options are not exercised prior to the Expiry Date, those Options will lapse and there is no further right or entitlement to those Options

· official quotation of the Options will cease on 31 August 2015, being five business days before the Expiry Date

· the last available closing price of the listed shares in the Company prior to the date of this announcement was $0.038

· the highest and lowest market sale price of the Company's shares on ASX during the 3 months immediately preceding the date of this announcement and the respective dates of those sales were:

Highest: $0.07 on 26 June 2015

Lowest: $0.035 on 12 August 2015

· the exercise of the Options is not underwritten.

http://www.moneyam.com/action/news/showArticle?id=5097237

banjomick - 20 Aug 2015 07:55 - 152 of 293

20 August 2015
ASX: OEX
AIM: OEX

Notification of Major Interest in Shares


Oilex Ltd advises that it has received the attached notice from Standard Life Investments (Holdings) Limited advising that it now holds 8.62% of the ordinary capital of Oilex Ltd as at 18 August 2015.

For and on behalf of Oilex Ltd

http://www.moneyam.com/action/news/showArticle?id=5097825

banjomick - 28 Aug 2015 22:22 - 154 of 293

Just catching up:

25 August 2015
ASX: OEX
AIM: OEX

Operations Update

· Cambay-73 is on continuous production with stabilised draw down

· Temporary pipeline from Cambay-77H pad to Cambay-73 production facility completed and operational

· 3 Cambay legacy wells connected to the temporary pipeline and supplying gas on an intermittent basis

· Bhandut-3 production facility construction has commenced and its gas Contingent Resource increased to ~425MMscf

· Techno-commercial evaluation for 13 of 14 tenders for the Cambay 2015/2016 drilling campaign underway

· Field Development Plan for 20Bcf of the 1P Reserves is complete and under review

Full update from link below:

http://www.moneyam.com/action/news/showArticle?id=5100140

banjomick - 28 Aug 2015 22:24 - 155 of 293

Chart.aspx?Provider=EODIntra&Code=OEX&SiChart.aspx?Provider=EODIntra&Code=OEX&Si

banjomick - 02 Sep 2015 07:52 - 156 of 293

2 September 2015
ASX: OEX
AIM: OEX

Good Oil Conference Presentation


Oilex Ltd advises that a copy of an Oilex Presentation dated September 2015 can be viewed by clicking on the below link.

http://www.rns-pdf.londonstockexchange.com/rns/8018X_-2015-9-2.pdf

banjomick - 08 Sep 2015 07:52 - 157 of 293

8 September 2015
ASX: OEX
AIM: OEX

Expiry of Listed Options

Oilex Ltd wishes to advise that the following listed options have expired unexercised:

ASX Code: OEXO

Number: 188,248,858

Exercise Price: $0.15

Expiry Date: 7 September 2015

http://www.moneyam.com/action/news/showArticle?id=5108754

banjomick - 09 Sep 2015 08:38 - 158 of 293

Change of Director's Interest Notice


Name of Director-Ronald Lawrence Miller

http://www.moneyam.com/action/news/showArticle?id=5109718

banjomick - 09 Sep 2015 08:39 - 159 of 293

Change of Director's Interest Notice


Name of Director-Max Dirk Jan Cozijn

http://www.moneyam.com/action/news/showArticle?id=5109719

banjomick - 24 Sep 2015 12:30 - 160 of 293

Key to Disclosures
Corporate Governance Council Principles and Recommendations


https://www.oilex.com.au/docs/default-source/corporate-governance/charters/150923-corporate-governance-statement.pdf

http://www.moneyam.com/action/news/showArticle?id=5119260
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