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

26 July 2018
ASX: OEX
AIM: OEX

Loan Funding & Cash Call Receipt

Oilex Ltd (the Company) is pleased to advise that it has entered into a binding loan agreement with existing investors to secure funding of A$300,000 (Loan Funding).


Summary of Key Terms

Term: 26 July 2019 (One Year)

Interest Rate: 5%

Repayments 100% payable at maturity

Options Issued: 83,333,333 options over ordinary shares

Option Exercise Price: A$0.0036

Option Expiry Date: On or about 26 July 2019

Security: Unsecured

Key Undertakings: Not to dispose of assets having an aggregate value more than A$1 million

Not to incur any financial indebtedness more than A$50,000

Not to incur any aggregate payment or outgoing exceeding A$1 million (except for wages)


Customary additional provisions regarding events of default, undertakings, covenants and representations and warranties have also been agreed.

As part of the Loan Funding, 83,333,333 Options will be issued to subscribers with an exercise price of A$0.0036, which, if exercised in their entirety, will result in a further cash inflow to the Company of A$300,000, the proceeds of which will be applied to the outstanding loan balance.

The issue of the Options is subject to shareholder approval under ASX Listing Rule 7.1 within 75 days after drawdown. Failure to secure shareholder approval will require immediate repayment of the loan principal and accrued interest. The Company is currently preparing the necessary notice of general meeting, which will be sent to shareholders shortly.

The loan proceeds will be to be applied to meet the expected working capital requirements of the Company over the short term.

Related Party Transaction

Republic Investment Management Pte Ltd (Republic) participated in A$300,000 of the Loan Funding amount.

Republic has a shareholding in the Company of 12.2% and is therefore categorised as a Substantial Shareholder of the Company pursuant to the AIM Rules for Companies (AIM Rules). Accordingly, the entering into the Loan Funding with Republic is classified as a related party transaction pursuant to the AIM Rules.

The Directors of the Company, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider that the terms of the Loan Funding with Republic are fair and reasonable insofar as the Company's shareholders are concerned.

GSPC Cash Call Receipt

The Company wishes to advise that it has received the equivalent of approximately US $172,000 as a contribution to outstanding cash calls.

http://www.moneyam.com/action/news/showArticle?id=6066796

07:00 Oilex Ltd (OEX) June 2018 Quarterly Report RNS
30/07/18 07:00 Oilex Ltd (OEX) Event of Default Notice Update RNS
30/07/18 07:00 Oilex Ltd (OEX) Tranche 2 Update RNS

http://www.moneyam.com/action/nav/news?epic=OEX

10 August 2018
Mr Chris Hesford
ASX Limited
Level 40, Central Park
152-158 St Georges Terrace
PERTH WA 6000
By email: tradinghaltsperth@asx.com.au

Dear Mr Hesford

Oilex Ltd - Trading Halt Request

In accordance with ASX Listing Rule 17.1 Oilex Ltd (ASX: OEX, AIM: OEX) hereby requests an immediate trading halt on the Company's securities from the commencement of trading Friday 10 August 2018.

In accordance with Listing rule 17.1, Oilex provides the following information:

a) The trading halt is requested pending an announcement by Oilex in relation to an update on the Event of Default Notice issued in regard to the Cambay PSC;

b) Oilex requests the trading halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the Event of Default Notice and the commencement of trading on Tuesday 14 August 2018; and

c) Oilex is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully
Mark Bolton
Chief Financial Officer and Company Secretary

http://www.moneyam.com/action/news/showArticle?id=6086494

Just looked, my average is 5.2p :-(

10 August 2018
NOTICE
10/08/2018 12:24pm

TEMPORARY SUSPENSION OF TRADING ON AIM

OILEX LIMITED


At the request of the Company, trading on AIM for the under-mentioned securities has been temporarily suspended from 10/08/2018 12:24pm, pending an announcement.


ORDINARY SHARES OF NO PAR VALUE, FULLY PAID (B0Z33D7) (AU000000OEX8)



If you have any queries relating to the above, please contact the company's nominated adviser on 020 7409 3494.

http://www.moneyam.com/action/news/showArticle?id=6087541

13 August 2018
ASX: OEX
AIM: OEX

GSPC Event of Default Update and Trading Restoration

Oilex Ltd (Oilex or the Company) advises that Gujarat State Petroleum Corporation (GSPC) has served notice of an Order from the High Court of Gujarat (Court) directing it not to take any coercive steps against GSPC until 4 September 2018 (Order). The Order has been awarded on an interim basis to delay the Company securing a transfer of the Participating Interest in the Cambay PSC held by GSPC.

The Company's legal advisors are currently considering the matter and a further announcement will be issued in due course. The Order was obtained on an ex parte basis and accordingly, the Company was not afforded an opportunity to assert its position. The Company notes that, notwithstanding the Order, GSPC remains in ongoing material breach of the JOA with the Event of Default (EoD) remaining in place and Oilex fully intends to enforce its legal and contractual rights.

By way of background, on 29 May 2018, the Company issued the EoD Notice to GSPC in accordance with the Joint Operating Agreement (JOA) for the amount of equivalent US$3,054,832. The EoD Notice was issued as a result of GSPC's ongoing failure to pay its Participating Interest share of Cambay PSC expenses. GSPC failed to remedy its default within 60 days and, in accordance with the JOA, Oilex formally requested the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas, India to transfer GSPC's participating interest in the Cambay PSC to the Company. This was announced by Oilex on 30 July 2018.

The Company's shares were suspended from trading on AIM on the afternoon of 10 August 2018 pending an announcement. Accordingly, the release of this announcement facilitates restoration of trading on AIM of the Company's shares, such restoration to occur at 7.30am 13 August 2018.

Managing Director, Joe Salomon, said: "We are confident that the Company has followed the correct legal process and intends to fully enforce its rights as necessary to facilitate the successful development of the Cambay Project."

http://www.moneyam.com/action/news/showArticle?id=6088090

15 August 2018
ASX: OEX
AIM: OEX

Notice of General Meeting


Oilex Ltd (the Company) advises that a General Meeting, will be held at The Park Business Centre, 45 Ventnor Avenue, West Perth, Western Australia on Friday 14 September 2018 at 10.00am.

Attached is a copy of the Notice of General Meeting, including an Explanatory Memorandum and Proxy Form, dispatched to shareholders today.


Further to the announcement on 29 July 2018, the Company advises that it has entered into another loan agreement with existing investors, and the loan funding has been increased by $30,000 to $330,000 on the same key terms. Accordingly, the number of options to be issued to subscribers with an exercise price of A$0.0036 on or before 26 July 2019 will increase by 8,333,333 to 91,666,666. The additional options are planned to be issued concurrently with existing options following approval by shareholders pursuant to the attached notice of meeting.

http://www.moneyam.com/action/news/showArticle?id=6091503

High Court of Gujarat Appearance


Oilex Ltd (the Company or Oilex) advises it is scheduled to appear in the High Court of Gujarat (Court), India today, with regard to the ex-parte interim stay order obtained by Gujarat State Petroleum Corporation (GSPC), as announced by the Company on 13 August 2018.

On 30 July 2018 Oilex announced that it had formally requested the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas, India, to transfer GSPC's participating interest in the Cambay Production Sharing Contract to the Company (Cambay PSC). The request was made strictly in accordance with the Joint Operating Agreement and follows GSPC's failure to remedy an Event of Default Notice (EoD Notice) within the required 60-day period. The EoD Notice was a result of GSPC's ongoing failure to pay its participating interest share of Cambay PSC expenses.

As announced on 13 August 2018, GSPC subsequently served an Order from the High Court of Gujarat directing the Company not to take any coercive steps against GSPC until 4 September 2018. As disclosed in the announcement of 13 August 2018, the GSPC Order was awarded on an interim basis to delay the Company transferring GSPC's participating interest in the Cambay PSC to the Company.

The Company will issue an announcement upon receipt of further information from the Court.

http://www.moneyam.com/action/news/showArticle?id=6113918


ASX Trading Halt

Temporary Suspension of Trading on AIM

As of 12:30 today:
4 September 2018
ASX: OEX
AIM: OEX

High Court of Gujarat Adjournment

Resumption of Trading

Further to the announcements made earlier today in relation to Oilex Ltd (Oilex or the Company) appearing in the High Court of Gujarat, India (Court), the Company announces that following today's submissions to the Court, the matter has been adjourned until 19th September 2018 when there will be a further hearing. The matter has been adjourned at the request of Gujarat State Petroleum Corporation to consider the reply filed by Oilex ahead of what is anticipated to be the final hearing. Further announcements will be made in due course.

As a result of this announcement, trading in Oilex's shares on Aim will resume immediately.

http://www.moneyam.com/action/news/showArticle?id=6114898

07:40 Oilex Ltd (OEX) Capital Raising and Loan Funding RNS
07:00 Oilex Ltd (OEX) ASX Trading Halt RNS

http://www.moneyam.com/action/nav/news?epic=OEX

12 September 2018

FINANCIAL REPORT FOR YEAR ENDED 30 JUNE 2018

CONTENTS

Chairman's Review

Business Review

Permit Schedule

Directors' Report

Remuneration Report - Audited

Lead Auditor's Independence Declaration

Consolidated Statement of Profit or Loss and Other Comprehensive Income

Consolidated Statement of Financial Position

Consolidated Statement of Changes in Equity

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Directors' Declaration

Independent Audit Report

Shareholder Information

Definitions

Corporate Information



CHAIRMANS REVIEW

Dear Shareholder,



The 2018 financial year has seen the Company deliver on essential outcomes, as well as undertake some difficult challenges.

The Company gained a new cornerstone shareholder, an institutional investor, Republic Investment Management Pte Ltd (Republic). In December 2017 Republic agreed to participate in the January 2018 share placement, taking up an initial 7% interest in Oilex, which increased to just over 12% in May 2018 when Republic subscribed for an additional 112,500,000 shares. The subscription by Republic is seen by the Board as a vote of faith in the direction of the Company. Republic also participated in the debt and equity fundraisings in July and September 2018.

The Company has a significant multi TCF gas resource at the Cambay PSC in Gujarat state in India in the EP-IV tight siltstones that requires drilling and stimulation optimisation technologies to achieve commercial flow rates. In August 2017, Schlumberger, Baker Hughes GE and ODSI completed a technical evaluation of the optimal well and stimulation design required to achieve potential commercial flow rates in the EP-IV reservoir in Cambay Basin.

Schlumberger and Baker Hughes were appointed to complete the core analysis and to report on the reasons for under-performance of past wells. The purpose of their work was to identify any substantial impediments to achieving potential commercial flow rates and to advise on the optimal well and stimulation design required to take the project forward. Notably the results from their analysis has confirmed the potential for substantially increased flow rates with the application of the appropriate stimulation technology suite.

At the start of April 2018, the Company received notification that the Ministry of Petroleum and Natural Gas had approved the proposal for the grant of ten year extensions to both the Cambay and Bhandut PSC. The applications were lodged in September 2017 ahead of the PSC expiry dates of September 2019. Securing this extension was important to regaining momentum in the Company's key asset at Cambay.

In May 2018 the Company, having exhausted all other avenues to recover outstanding Cambay cash calls, issued an Event of Default Notice to GSPC in the amount of equivalent US$3,054,832. This notice, issued pursuant to the Joint Operating Agreement (JOA), is a consequence of GSPC's ongoing failure to pay its participating interest share of the expenses of the Cambay PSC.

In July 2018, after year end the Company formally requested the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas to affect the transfer of GSPC's participating interest in the Cambay PSC to Oilex. Subsequently, GSPC served notice of an ex-parte Order from the High Court of Gujarat directing the Company not to take any coercive steps against GSPC until a hearing on 4 September 2018, with the High Court then adjourning this matter to 19 September 2018.

Whilst the Company is confident in its position, it may take some time to have this matter resolved and for the Company to consider other remedial strategies.

2018 also saw some governance changes to the Board, with the non-executive Board now consisting entirely of independent directors.

The Company is continuing to actively pursue new opportunities in order to create value by diversifying the Company's project portfolio.

Finally, on behalf of the Board, I wish to thank our staff, contractors, local communities, shareholders and stakeholders for their ongoing support.

Mr B Lingo
Chairman
12 September 2018

***More via Link Below***

http://www.moneyam.com/action/news/showArticle?id=6124830

13 September 2018
ASX: OEX
AIM: OEX

Good Oil Investor Presentation - September 2018

Oilex Ltd advises that a copy of an Oilex Good Oil Investor Presentation dated September 2018 can be viewed by clicking on the below link.

http://www.rns-pdf.londonstockexchange.com/rns/6244A_1-2018-9-13.pdf

17 September 2018
ASX: OEX
AIM: OEX

Re: Issue of Securities and Capital Raising Amendment

http://www.moneyam.com/action/news/showArticle?id=6130406

19 September 2018







NOTICE



19/09/2018 7:45am



TEMPORARY SUSPENSION OF TRADING ON AIM



OILEX LIMITED



At the request of the Company, trading on AIM for the under-mentioned securities has been temporarily suspended from 19/09/2018 7:45am, pending an announcement.



ORDINARY SHARES OF NO PAR VALUE, FULLY PAID (B0Z33D7) (AU000000OEX8)



If you have any queries relating to the above, please contact the company's nominated adviser on 020 7409 3494.

ASX Announcement
26 September 2018
ASX: OEX
AIM: OEX

Re: Issue of Securities

Oilex Ltd (the Company) is pleased to advise that it has today completed the second tranche of the capital raising announced on 11 September 2018 (Placement).

On 11 September 2018 and 17 September 2018, the Company announced a debt and equity capital raising of £0.70 million (A$1.27 million) comprising the issue of 278,237,747 shares at 0.19 pence for £0.53 million (A$0.96 million) together with loan funding of A$315,000 (£0.17 million). As part of the loan funding, 76,437,758 Options will be issued an exercise price of A$0.004121 on or before 1 October 2019 (Series B Loan Options).


The Company has today completed the second tranche of the Placement with the issue 91,222,451 shares at 0.19 pence for £0.17 million (A$0.31 million) and the full drawdown of the Series B Loans of A$315,000 (£0.17 million) inclusive of the issue of Series B Loan Options.

The issue of above mentioned shares and options are under LR7.1 and are included in the attached Appendix 3B.

Following today's issue, the final tranche of the Placement comprising 29,120,559 shares at 0.19 pence for £0.06 million (A$0.1 million) is anticipated to be completed in early October 2018.

****More via link below****

http://www.moneyam.com/action/news/showArticle?id=6142157

NOTICE



27/09/2018 7:45am



TEMPORARY SUSPENSION OF TRADING ON AIM



OILEX LIMITED



At the request of the Company, trading on AIM for the under-mentioned securities has been temporarily suspended from 27/09/2018 7:45am, pending an announcement.

17 October 2018
ASX: OEX
AIM: OEX

JPDA - Request for Arbitration


Oilex Ltd (the Company) has received correspondence from the Autoridade Nacional Do Petroleo E Minerais (ANPM), the body responsible of managing and regulating petroleum and mining activities in the Timor-Leste area, advising that it has submitted a Request for Arbitration (RFA) to the International Chamber of Commerce in Singapore. The RFA relates to matters associated with the termination of the JPDA 06 103 Production Sharing Contract (PSC).

By way of background, in November 2006 Oilex Ltd, via its wholly owned subsidiary Oilex (JPDA 06-103) Ltd (Oilex) and its Joint Venture partners entered into the PSC with the Timor Sea Designated Authority. The PSC was signed in January 2007 (effective date 15 January 2007) and Oilex was appointed Operator.

On 12 July 2013, the Operator, on behalf of the Joint Venture, submitted to the ANPM a Request to Terminate the PSC by Mutual Agreement in accordance with the PSC terms and without Penalty or Claim (Request). The Request was issued as a result of ongoing uncertainty as to security of PSC tenure which arose as a result of a maritime boundary dispute between the Governments of Timor Leste and Australia.

On 15 May 2015, the ANPM issued a Notice of Intention to Terminate the PSC and on 15 July 2015 issued a Notice of Termination and Demand for Payment (Notice). The demand for payment (100%) of the penalty claim of US$17,018,790 (plus interest) is the ANPM's estimate of the cost of exploration activities not undertaken in 2013, as well as certain local content obligations set out in the PSC.

In addition to other matters, the Joint Venture considers it has made significant over expenditure in executing the PSC work programme and that the ANPM has failed to properly assess and award credit for such additional expenditure when terminating the PSC. Notwithstanding the Joint Venture considers that no penalty payment is applicable, the parties have entered into good faith negotiations and made a number of unsuccessful offers to settle the matter in dispute.

The Company has already recorded a provision of US$600,000 in its financial statements, being the Group's 10% share of a proposed settlement offer which was made to the ANPM. The provision and or settlement has been and remains subject to review from time to time.

The obligations and liabilities of the Joint Venture participants under the PSC are joint and several and all participants have provided parent company guarantees. The equity interest of the Joint Venture participants are:

Oilex (JPDA 06-103) Ltd (Operator)

10%

Pan Pacific Petroleum (JPDA 06-103) Pty Ltd

15%

Japan Energy E&P JPDA Pty Ltd

15%

GSPC (JPDA) Limited

20%

Videocon JPDA 06-103 Limited *

20%

Bharat PetroResources JPDA Ltd

20%

Total

100%

* The Company understands that the parent company Videocon Industries Ltd is subject to corporate insolvency proceedings and continues to trade under the supervision of an insolvency professional. The Joint Venture has requested but is yet to receive formal documentation and or clarification as to the position of Videocon JPDA 06-103 Limited.

The company is yet to receive formal notice whereupon the timing for the proceedings will be determined. In any event, a decision from the arbitrator is not expected until 2020.

Commenting on the RFA, Managing Director Mr Joe Salomon said that "it is disappointing the ANPM has elected to pursue arbitration at this point. The Joint Venture had previously and will continue to negotiate in good faith, with previous offers to settle the matter being generous. "

For and on behalf of Oilex Ltd

Joe Salomon

Managing Director

https://www.moneyam.com/action/news/showArticle?id=6170498

OILEX LTD

SEPTEMBER 2018 QUARTERLY REPORT

https://www.moneyam.com/action/news/showArticle?id=6184718

09:05 Oilex Ltd (OEX) Second Price Monitoring Extn RNS
09:00 Oilex Ltd (OEX) Price Monitoring Extension RNS
07:00 Oilex Ltd (OEX) 2018 AGM Notice of Meeting RNS
07:00 Oilex Ltd (OEX) 2018 Annual Report to Shareholders RNS

https://www.moneyam.com/action/nav/news?epic=OEX

5 November 2018
ASX: OEX
AIM: OEX

High Court Decision on Cambay Stay Order

Oilex Ltd (Oilex or the Company) advises that the High Court of Gujarat, India (the Court) has now decided on all applications pending regarding the ex-parte interim stay order (IAAP No. 130 of 2018) obtained by Gujarat State Petroleum Corporation (GSPC) as announced by the Company on 13 August 2018 (the Order).

The Court has issued and passed judgement further delaying the implementation of the Event of Default Notice (EoD Notice) dated 29 May 2018 and Notice of Withdrawal of Participating Interest dated 29 July 2018, subject to the fulfilment of all of the following conditions:

a) GSPC is directed to deposit a sum of Rs.8.25 crores rupees (US$1.1 million approx) before the Court in the name Registrar of the High Court on or before by 15 November 2015#;

b) GSPC is directed to submit a bank guarantee for Rs.21.75 crores rupees (US$3.0 million approx) in the name of Registrar of High Court of Gujarat latest by 15 November 2015#; and

c) GSPC shall commence arbitration proceedings on or before 1 December 2018.

# We are advised by our Indian legal counsel that the applicable date should read 2018

Should GSPC meet the abovementioned conditions, the Court has directed that these conditions remain valid for the duration of the arbitration and that the Cambay Joint Operating Agreement (JOA) will continue to operate during this same period. Accordingly, in addition to submitting in aggregate, 30 crores rupees to the Court, GSPC will also be required to pay its current and ongoing 55% share of the Cambay Joint Venture expenditure while seeking to have the EoD Notice rescinded through the arbitration proceedings.

In the event GSPC does not adhere to all of the abovementioned conditions, the stay order will no longer prevent the Company from seeking to implement all of its rights under the JOA.

Further to the above observations, the Company is currently considering the order of the Court and will advise of any further actions that it may choose to take, if any.

As a result of this announcement, trading in Oilex's shares on AIM will resume immediately.

Background

By way of background, on 30 July 2018 Oilex announced that it had formally requested the Government of India (GoI) to transfer GSPC's participating interest (PI) in the Cambay PSC to the Company. The request was made strictly in accordance with the Joint Operating Agreement and follows GSPC's failure to remedy the EoD Notice within the required 60-day period. The EoD Notice was a result of GSPC's ongoing failure to pay its PI share of Cambay PSC expenses.

GSPC subsequently served an Order from the Court directing the Company not to take any coercive steps against GSPC. The GSPC Order was awarded on an interim basis to delay the Company transferring GSPC's PI in the Cambay PSC.


Managing Director, Joe Salomon, said: "We are pleased that the Court has reached a decision representing a step forward. Importantly, the Judge has recognised that Cambay is in the national interest, and Oilex is committed to meeting its undertakings to the GoI and contributing to India's energy security. The Company will shortly engage with the GoI to seek the approval of revised work programmes with the aim of progressing with an active drill programme.

Notwithstanding recent events, the Company will continue to seek an amicable solution in good faith for all parties provided that any path forward meets our obligations to the GoI to develop Cambay."

https://www.moneyam.com/action/news/showArticle?id=6193907