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

From the OEX website:

Oct 01, 2015

Shares Magazine company profile - Tight focus rewarded at Oilex

http://www.oilex.com.au/docs/default-source/test/150925-shares-magazine-oilex-company-profile.pdf?sfvrsn=0

Notice of Annual General Meeting

Wednesday, 25 November 2015 at 10:00am (WST) at The Celtic Club First Floor, 48 Ord Street, West Perth Western Australia

Full details from link below:

http://www.moneyam.com/action/news/showArticle?id=5132318

21 October 2015
ASX: OEX
AIM: OEX


"India Operations Update

· Workover campaign has commenced with mobilisation of rig to Cambay-19z

· Bhandut-3 production facility construction is ~ 40% complete

· Evaluation of tenders for the Cambay 2015/2016 drilling campaign nearly complete and final approvals to award contracts being sought

Oilex Ltd is pleased to provide the following Operations Update:

Cambay Field

The workover campaign has started with the mobilisation of the rig to Cambay-19z, an oil producer from the Eocene (EP IV) formation. Cambay-19z is located approximately 1.4 km to the west of Cambay-77H. The workover includes removal and cleaning of the production tubing and repositioning the downhole pump to improve well deliverability. Subsequent to Cambay-19z, the rig will move to 1 of 4 candidates;

· Cambay-20, an oil producer currently on self-flow that requires a downhole pump to improve deliverability

· Cambay-70 located adjacent to Cambay-77H pad, a gas and oil producer from Eocene/MBS formation

· Cambay-60 - tested gas and condensate from OSII formation but never put into production

· Cambay-77H - to remove the frac tree, install production tubing and tree."

************************************************

Bhandut Field

Field construction continues at Bhandut and is 40% complete (refer to attached photographs) and expected to be completed during November 2015. Gas transportation is the responsibility of the buyer(s), which is currently targeted to be in place prior to end December. Bhandut-3 should be ready to commence production prior to the end of December 2015 subject to availability of the interconnecting gas transportation infrastructure. An independent reserve assessment has commenced to support Oilex's recently upgraded internal estimate and an announcement of the results will be made when they are final. Bandhut-3 is expected to commence plateau production at 100 - 130boepd.

************************************************

Managing Director of Oilex, Ron Miller, said;

"The commencement of field activities to boost production through the workover campaign is another milestone towards our goal of being operationally cash flow positive in India (exclusive of workover and drilling capex) before the end of this calendar year. In addition, the approvals tendering and cost recovery process is nearing completion for the 2015/16 drilling campaign. We are looking forward to Bhandut recommencing production and the final independent reserves report being completed. The gas market in India remains robust driven by market fundamentals and it is important to capture the commercial benefit of lower contractor service prices currently prevalent in the market."

LINK BELOW FOR FULL ANNOUNCEMENT:

http://www.moneyam.com/action/news/showArticle?id=5136475

Oilex kicks off workover programme on Indian project
Daniel Cancian | Sharecast | 21 Oct, 2015 12:39 - Updated: 15:54

Indian-focused gas producer Oilex has started a workover programme on its Cambay project ahead of a planned relocation of the rig and as part of its efforts to become cashflow-positive in India in 2015.

The group said the workover campaign on its Indian project, aimed at removing and cleaning the production tubing, has begun with the mobilisation of a rig to the producing Cambay-19z well, the first of four workover wells to be deployed in different locations across the site.

Oilex expects the workover programme to be completed before it drills the next two wells on site, Cambay-78H and Cambay-80H, adding that while production remains limited whilst the group carries out study on the reservoir, the Cambay-73 well is continuing to produce gas.

Upon completion of workover, the Cambay-77 well will be connected to the pipeline currently serving the Cambay-73.

"The commencement of field activities to boost production through the workover campaign is another milestone towards our goal of being operationally cash flow positive in India before the end of this calendar year,” the group said.

Oilex added the approvals tendering and cost recovery process was nearing completion for the 2015/16 drilling campaign.

Meanwhile, the gas producer said field construction at the Bhanut field was roughly 40% completed and was expected to be completed in November, when it is expected to produce 100-130 barrels of oil equivalent per day.

“The gas market in India remains robust driven by market fundamentals and it is important to capture the commercial benefit of lower contractor service prices currently prevalent in the market,” the company said.

Oilex on track to be cash flow positive by year end, says MD
22nd October 2015

Ron Miller, managing director of Oilex (LON:OEX), says the company remains on courseto be operationally cash flow positive in India by the end of 2015.

Key to this is a work-over campaign at its Cambay project in India, which commenced this week.

A drilling rig has been moved to Cambay-19z, which is an oil producer from the Eocene (EP IV) formation, located around 1.4 kilometres to the west of Cambay-77H.

The work-over includes the removal and cleaning of the production tubing and repositioning the down-hole pump to improve what Oilex called “well deliverability”.

Quarterly Report 30 September 2015
30 October 2015

HIGHLIGHTS

CAMBAY PSC, ONSHORE GUJARAT, INDIA

» Preparation of the five well workover campaign largely completed during the quarter

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

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

» Three Cambay legacy wells connected to the temporary pipeline and supplying gas on an intermittent basis

» Techno-commercial evaluation for 13 of 14 tenders for the Cambay 2015/2016 drilling campaign nearly complete



BHANDUT FIELD, ONSHORE GUJARAT, INDIA

» During the quarter construction of the gas production facility commenced, with construction expected to be completed in November 2015

» Bhandut-3 production test results have resulted in an upgrade to previous internal estimate of 2C Contingent Resource to ~425MMscf (~170MMscf Oilex net)

CORPORATE

» During the quarter, Oilex announced a two tranche placement and underwritten rights issue to raise $30 million (Capital Raising)

» First tranche placement completed raising $1.8 million

» Fully underwritten rights issue completed raising $7.0 million

» Second tranche placement completed raising $11.8 million

» Issue of Zeta Deferred Shares and convertible notes to raise $9.4 million, approved by Shareholders at a General Meeting on 12 August 2015

For full Report see link below:

http://www.moneyam.com/action/news/showArticle?id=5142444

Oilex says prep for five-well workover largely complete
Jamie Ashcroft
30 Oct 2015

The company updated investors of activities at its gas operations in India



Oilex (LON:OEX) told investors that preparations for a five-well workover programme at the Cambay gas field were, by the end of the third quarter, largely complete.

It also highlighted, in the quarterly activity report, that temporary pipeline to connect the Cambay 77-H well, and three other wells, was completed. The pipe is operational.

The company also said the technical evaluation of thirteen of fourteen tenders for a planned new drilling programme was nearly complete.

During the period the Cambay-73 well was on continuous production. Presently output from the one well is relatively modest, though volumes will rise as more wells are brought on.

It also highlighted that construction work continued at the Bhandut field, and the project should be complete in November. Production testing during the period enabled an upgrade to Bhandut’s contingent resources, to 425mln cubic feet of gas.

10 November 2015
ASX Announcement
ASX: OEX
AIM: OEX

India Workover Update

· Cambay-19z workover successfully completed

· Workover rig relocated to Cambay-20 and workover has commenced

· Preparation for workover of Cambay-77H has commenced

· Reviewing other potential workover candidates

Oilex Ltd is pleased to provide the following Workover Update:

Cambay-19z

Oilex successfully completed the Cambay-19z workover on budget. The workover rig was at location for 15 days. Currently 240 bbls of workover brine is being pumped from the well at the rate of 40bbls per day after which oil production should commence. Adjustments to the pumping rate will be made to optimise the oil production after recovery of the workover brine. Cambay-19z is an oil producer from the Eocene (EP IV) formation and located approximately 1.4 km to the west of Cambay-77H.

Cambay-20

The Cambay-20 workover commenced on 5 November after completion of the rig move from Cambay-19z. Cambay-20 is an intermittent oil and gas producer located approximately 200 metres from Cambay-77H. It is connected to Cambay-73 facilities via a temporary flowline to recover gas for sale during intermittent oil production. It is an older legacy well and the workover is to recover, inspect, clean and replace as necessary, the production tubing. In addition, installation of a downhole pump is expected to improve oil production.

Cambay-77H

It is expected workover activities at Cambay 77-H will commence after Cambay-20 following confirmation of delivery times for various components sourced from North America. As such, preparations have commenced to isolate the reservoir section of the well such that the frac tree can be replaced with a production tree and production tubing can be installed. As previously announced, Cambay-77H will be connected to the Cambay-73 facilities via the temporary flowline and gas sold into the low-pressure market in the immediate vicinity of the field.

Other potential workover candidates

· Cambay-70 - located adjacent to Cambay-77H pad, a gas and oil producer from Eocene/MBS formation

· Cambay-60 - located approximately 2.3 km to the south of Cambay-77H, tested gas and condensate from OSII formation but never put into production

· Cambay-15 - located approximately 3.3 km to the south of Cambay-77H, a former gas producer from the OSII formation that may still be capable of servicing the low pressure market


Managing Director of Oilex, Ron Miller, said;

"The Cambay workover campaign continues with the successful completion of activities at Cambay-19z. The pumping performance to date indicates good well deliverability. We remain vigilant on costs while focusing on increasing cashflow from production. We are excited to build up momentum through the workover campaign and capture the commercial benefit of lower contractor service prices currently prevalent in the market."

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5149717

Oilex onto second well in Cambay workover programme
Philip Whiterow
10 Nov 2015

Cambay 19-Z, the first workover, is now pumping out brine with oil production set to commence shortly.

Oilex (LON:OEX ASX:OEX) has completed the first well in its workover programme at the Cambay field in India, with work now underway at the second.

Cambay 19-Z, the first workover, is now pumping out brine with oil production set to commence shortly.

Work has now started on Cambay-20, after which the rig will move to Cambay-77H with three other wells also being considered for possible workover.

Cambay 19-Z is 1.4km to the west of Cambay-77H. Cambay-20, meanwhile, is an intermittent oil and gas producer 200m from 77H.

Ron Miller, Oilex’s managing director, said: "The Cambay workover campaign continues with the successful completion of activities at Cambay-19z.

“The pumping performance to date indicates good well deliverability."

He added the company remains vigilant on costs while focusing on increasing cashflow from production.




Also:

11 November 2015 WST
ASX: OEX
AIM: OEX

Funding - Zeta Deferred Settlement


Oilex Ltd (Oilex or the Company) provides an update on the deferred element of the previously announced capital raising (announcement dated 3 August 2015), being the issue of shares and convertible notes to Zeta Resources Limited (Zeta). Zeta currently has a 10.3% holding in the share capital of Oilex.

Pursuant to arrangements agreed with Zeta, Zeta was to subscribe for:

· A$4,243,500 of 20 year, zero coupon unsecured convertible loan notes, convertible into Oilex shares at Zeta's option at any time (subject to compliance with Australian law), at a conversion price of A$0.0418 per share, by no later than 11 November 2015 (the Convertible Notes); and

· 124,019,608 new ordinary shares at a price of A$0.0418 per share, to enable the issue of those shares to be settled by no later than 12 November 2015 (the Deferred Shares).

As at the date of this announcement, Zeta has failed to settle the subscription for the Convertible Notes. Oilex will be considering, together with its external legal counsel, the remedies available to it arising out of Zeta's failure to settle the Convertible Notes.

Zeta has alleged that the Company has failed to disclose material information to it prior to its initial investment and has contravened statutory provisions relating to misleading or deceptive conduct and continuous disclosure and rights issue disclosure requirements. Whilst Zeta has at this stage only provided limited information to the Company regarding the basis of these allegations, Oilex considers them to be without merit and they will be vigorously defended.

The Board of Oilex is considering the full implications and options to progress the development of the Cambay Field, as a consequence of Zeta failing to settle the subscription of the Convertible Notes.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5151293

ASX Announcement
11 November 2015 WST
ASX: OEX
AIM: OEX

Operations Update - Cambay JV

In light of the change in Oilex's funding arrangements, as announced earlier today, it is likely that the commencement of the approved 2 well drilling programme will be delayed. The Company also advises that our joint venture partner (JVP), has formally indicated to Oilex that it wishes to vary the approved work programme by flowing Cambay-77H for a period of six continuous months before embarking on the approved 2 well drilling campaign.

This variation has not been agreed by Oilex and discussions are ongoing in relation to this matter. Any change to the approved work programme for the joint venture agreed between the parties would require subsequent approval by the Government of India (GOI), under the terms of the Cambay Production Sharing Contract, and would be announced to the market at that time.

Therefore, should Oilex's funding arrangements be resolved it is possible that the commencement of the approved 2 well drilling campaign may be further delayed as a result of the change to the work programme, subject to the approval of the GOI.

Discussions continue regarding the joint venture cash calls owed by the JVP, which as at 31 October 2015 amount to ~US$7.7 million, an increase from 30 June 2015 of ~US$1.6 million.

Consideration is being given to a range of proposals that have been put forward by both parties. These discussions are incomplete at this time. However, the Board is focussed on finding a solution that will enable the approved work programme to move forward.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5151416

12 November 2015

Ms Frieda Orr
Australian Securities Exchange Limited
Level 40, Central Park
152-158 St George's Terrace
PERTH WA 6000
By email: tradinghaltsperth@asx.com.au

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 release of an announcement concerning proceedings which Oilex understands have been commenced against it today by Zeta Resources Limited in the Federal Court of Australia;

· 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 above matter and commencement of trading on Monday 16 November 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

Chief Financial Officer and Company Secretary

http://www.moneyam.com/action/news/showArticle?id=5151661

IMO both OEX and Zeta should grow up and settle their differences amicably and in compliance with Gov of India, without all the Aussie courtroom drama.

With India fast becoming a huge O&G consumer over the next few decades, both OEX & Zeta stand to benefit substantially from their partnership. OR is there more to this than meets the eye; are strategic and tactical moves being played out in pursuit of 'A Cunning Plan'.

Something does not smell right in this sudden turn of events.

IMO
DYOR
HAb

12 November 2015 WST
ASX: OEX
AIM: OEX

Funding - Zeta Deferred Settlement Update

and Legal Proceedings

Further to its announcement yesterday, Oilex Ltd (Oilex or the Company) provides a further update on the deferred element of the previously announced capital raising (announcement dated 3 August 2015), being the issue of shares and convertible notes to Zeta Resources Limited (Zeta).

Pursuant to arrangements agreed with Zeta, Zeta was to subscribe for 124,019,608 new ordinary shares at a price of A$0.0418 per share, to enable the issue of those shares to be settled by no later than today (the Deferred Shares). Zeta has failed to settle the subscription for the Deferred Shares. Oilex will be considering, together with its external legal counsel, the remedies available to it arising out of Zeta's failure to settle.

Oilex has also been informed by Zeta that Zeta has today commenced proceedings against it in the Federal Court of Australia. Zeta has also made an announcement on the ASX to notify the market of these proceedings. The proceedings have not yet been formally served on Oilex, although Oilex has received from Zeta copies of the documents which Zeta asserts have been filed at Court. Oilex is currently considering the content of those documents.

Shares in Oilex remain trading on AIM but are subject to a trading halt on the ASX pursuant to Listing Rule 17.1.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5152262

ASX Announcement
13 November 2015
ASX: OEX
AIM: OEX

UK Broker

Oilex Ltd (Oilex or the Company) advises that it has received a letter of resignation from its UK broker, Westhouse Securities Limited, effective immediately.

Oilex has appointed Strand Hanson, currently the Company's Nominated Adviser, as its UK Broker.

For and on behalf of Oilex Ltd

Ron Miller
Managing Director

http://http://www.moneyam.com/action/news/showArticle?id=5152802

13 November 2015 WST
ASX: OEX
AIM: OEX

End of Trading Halt on ASX

Oilex advises that the trading halt in the shares of the Company on the ASX, pursuant to Listing Rule 17.1, ended this morning as a result of yesterday's announcement entitled "Funding - Zeta Deferred Settlement Update and Legal Proceedings".

The Company also confirms receipt of formal proceedings and will be considering this in conjunction with external legal counsel.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5153207

One Year Chart




Intraday Chart

17 November 2015
ASX: OEX
AIM: OEX

India Workover Update

l Cambay-20 workover successfully completed and workover rig demobilised

l Cambay-19z associated gas at surface, used to power the Hydraulic Lift Pump (HLP)

l Workover on Cambay-77H commenced using electric wireline unit

Oilex Ltd is pleased to provide the following Workover update:

Cambay-20

The Cambay-20 workover commenced on 5 November and was completed on 16 November, on schedule and under budget, including partial replacement of the production tubing. Installation of the HLP unit and downhole pump has commenced to optimise production from the well. Cambay-20, an intermittent oil and gas producer, is located approximately 200 metres from Cambay-77H and connected to Cambay-73 gas production facilities via a temporary flowline to recover gas for sale during intermittent oil production.

Cambay-19z

The pumping rate for the removal of workover brine was reduced from the anticipated 40bbls per day as a result of mechanical downtime required to adjust the HLP automatic controls and replace a hydraulic seal. Although Cambay-19z is an oil producer from the Eocene (EP IV) formation, associated gas has arrived at surface with sufficient pressure and volume to power the HLP. During the HLP downtime, Cambay-19z has exhibited self-flow bypassing the downhole pump again confirming good potential deliverability. Cambay-19z is located approximately 1.4 km to the west of Cambay-77H.

Cambay-77H

Cambay 77-H workover has commenced with the placement of a downhole production packer using an electric wireline unit. This packer isolates the frac'd reservoir section of the well such that the frac tree can be replaced with a production tree and production tubing can be installed. A workover rig is expected to be operational on site around 25 November. As previously announced, Cambay-77H will be connected to the Cambay-73 facilities via the temporary flowline with gas sold into the low-pressure market in the immediate vicinity of the field.

The Cambay-60 workover will commence after completion of Cambay-77H. Cambay-60 tested gas and condensate from the OSII formation but was never put into production. Some surface equipment requires replacement to ensure that the well is in optimal condition and its deliverability confirmed.

Other potential workover candidates

The candidates for possible workover are as previously stated. Subject to ongoing discussions with GSPC regarding cashcall payments, a decision related to further workovers after Cambay-60 will be made.

l Cambay-70 - located adjacent to Cambay-77H pad, a gas and oil producer from the Eocene/MBS formation

l Cambay-15 - a former gas producer from the OSII formation that may still be capable of servicing the low-pressure market.


Managing Director of Oilex, Ron Miller, said;

"The Cambay workover campaign continues with the successful completion of activities at Cambay-20 on schedule and under budget. Gas at surface, sufficient to run the HLP unit, is a positive sign and a significant cost reduction compared to purchasing LPG. These workovers deliver low cost increases to our gas sales and cash flow and the performance of the Operations team to deliver them on schedule and under budget is very pleasing."

For and on behalf of Oilex Ltd

Ron Miller
Managing Director

http://www.moneyam.com/action/news/showArticle?id=5155257

Oilex Workover Of Cambay-20 Well Completed On Schedule, Under Budget
17 November, 2015 | 2:03PM

LONDON (Alliance News) - Oilex Ltd said Tuesday that the workover of the Cambay-20 well in India was completed on schedule and under budget.

Installation of a hydraulic lift pump unit and downhole pump has begun at Cambay-20 to optimise production from the well, Oilex said.

A workover campaign at Cambay-77H has begun, the company said, and a workover of Cambay-60 will begin after the completion of Cambay-77H. Other candidates for possible workover, which Oilex will decide on after Cambay-60, include Cambay-70, which is located adjacent to Cambay-77H, and Cambay-15, a former gas producer that may still be capable of servicing the low-pressure market.

"The Cambay workover campaign continues with the successful completion of activities at Cambay-20 on schedule and under budget," said Managing Director Ron Miller. "Gas at surface, sufficient to run the Hydraulic Lift Pump unit, is a positive sign and a significant cost reduction compared to purchasing liquefied petroleum gas. These workovers deliver low cost increases to our gas sales and cash flow and the performance of the Operations team to deliver them on schedule and under budget is very pleasing."

Shares in Oilex were down 8.3% at 0.550 pence Tuesday afternoon.

Last week, Oilex said trading had been suspended in its Australian-listed shares whilst it evaluates documents it has received from Zeta Resources Ltd containing information about allegations made against the company in the Federal Court of Australia. Oilex said Zeta had accused the company of failing to "disclose material information" prior to Zeta investing in the company in July.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews




Also:

20 November 2015
ASX: OEX
AIM: OEX


Appendix 3Y - Relinquishment of options



Mr Sundeep Bhandari has advised the Oilex Board that he has requested the cancellation of 4,000,000 unlisted options issued to him and held in the name of India Hydrocarbons Ltd. Mr Bhandari holds no other unlisted options.



Attached is an Appendix 3Y Change of Director's Interest Notice.

http://www.moneyam.com/action/news/showArticle?id=5158046