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

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

14 November 2018
ASX: OEX
AIM: OEX

Notice of Change of Interests of Substantial Holder


Please refer to the attached Form 604, for the notice of change of interests of substantial holder received from Republic Investment Management Pte Ltd ("Republic").

http://www.rns-pdf.londonstockexchange.com/rns/3023H_1-2018-11-14.pdf

14 November 2018
ASX: OEX
AIM: OEX

High Court Extension Application

Oilex Ltd (Oilex or the Company) advises that Gujarat State Petroleum Corporation (GSPC) has made an application to the High Court of Gujarat, India (the Court) seeking an extension of time regarding the Court order as announced by the Company on 5 November 2018 (the Application). The Application seeks a further 15-day extension to 30 November 2018 to clarify the amount GSPC is required to submit to the Court.

The matter is scheduled to be heard by the 'vacation' judge of the Court on Thursday, 15 November 2018. We note that the High Court of Gujarat will resume normal operations on Monday, 19 November 2018 following Diwali.

Background

By way of background, on 30 July 2018 Oilex announced that it issued Notice of Withdrawal of Participating Interest (NoW) and 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 Event of Default (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. As announced by the Company on 5 November 2018, the Court issued and passed judgement on 1 November 2018 further delaying the implementation of the EoD and NoW 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

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.


Managing Director, Joe Salomon, said: "We are disappointed that GSPC continues to use every effort to delay meeting its obligations to the Joint Venture and the GoI. Importantly, the Judge has recognised that Cambay is in the national interest, and Oilex remains steadfast in its commitment to develop the Cambay project and contribute to India's energy security. In this regard, Oilex will fully enforce its rights to progress the development of the Cambay Project."

https://www.moneyam.com/action/news/showArticle?id=6206327

07:51 15 November 2018
ASX: OEX
AIM: OEX

High Court Extension Application Dismissed

Oilex Ltd (Oilex or the Company) advises that the application by Gujarat State Petroleum Corporation (GSPC) to the High Court of Gujarat, India (the Court) seeking an extension of time has been dismissed. On 14 November 2018, the Company announced that GSPC was seeking a further 15-day extension to 30 November 2018 to clarify the amount GSPC is required to submit to the Court. Following today's hearing, the Court has not granted an extension of time to comply with the conditions of the previous Court order as announced by the Company on 5 November 2018.

https://www.moneyam.com/action/news/showArticle?id=6208081

15 November 2018
ASX: OEX
AIM: OEX

Update on High Court Decision on Cambay Stay Order



Oilex Ltd (Oilex or the Company) advises that the registry of the High Court of Gujarat, India (the Court) has now closed for today. Pursuant to the order issued by the Court as announced by the Company on 5 November 2018, Gujarat State Petroleum Corporation (GSPC) was required to submit 30 crore rupees with the Court by today.

Although the Company was not able to formally confirm GSPC's compliance, it believes that GSPC may have submitted the required funds in compliance of the order with the Court. The Company will update the market upon clarification with the registry of the Court.



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 JOA and follows GSPC's failure to remedy the 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 PI share of Cambay PSC expenses.

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

On 5 November 2018, the Company announced that the Court had decided on all applications pending regarding the Order obtained by GSPC. In summary, the Court issued and passed judgement further delaying the implementation of the EoD Notice dated 29 May 2018 and also Notice of Withdrawal of Participating Interest (NoW) 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.

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.

https://www.moneyam.com/action/news/showArticle?id=6208788

16 November 2018
ASX: OEX
AIM: OEX

Compliance with High Court Order


Oilex Ltd (Oilex or the Company) advises that it has formally confirmed with the High Court of Gujarat, India (the Court) that Gujarat State Petroleum Corporation (GSPC) has submitted the required funds in compliance with its order. Pursuant to the order issued by the Court, as announced by the Company on 5 November 2018, GSPC was required to submit 30 crore rupees with the Court by 15 November 2018.

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 JOA and follows GSPC's failure to remedy the 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 PI share of Cambay PSC expenses.

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

On 5 November 2018, the Company announced that the Court had decided on all applications pending regarding the Order obtained by GSPC. In summary, the Court issued and passed judgement further delaying the implementation of the EoD Notice dated 29 May 2018 and also Notice of Withdrawal of Participating Interest (NoW) 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.

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.

https://www.moneyam.com/action/news/showArticle?id=6209875

19 November 2018
ASX: OEX
AIM: OEX

Update on Cambay Dispute


Oilex Ltd (Oilex or the Company) advises that it has received notice from the Singapore International Arbitration Centre (SAIC) that Gujarat State Petroleum Corporation (GSPC) has invoked the dispute resolution provisions of the Cambay Joint Operating Agreement (JOA). Pursuant to the order issued by the High Court of Gujarat, India (the Court), as announced by the Company on 5 November 2018, GSPC was required to commence arbitration proceedings on or before 1 December 2018.

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 JOA and follows GSPC's failure to remedy the 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 PI share of Cambay PSC expenses.

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

On 5 November 2018, the Company announced that the Court had decided on all applications pending regarding the Order obtained by GSPC. In summary, the Court issued and passed judgement further delaying the implementation of the EoD Notice dated 29 May 2018 and also Notice of Withdrawal of Participating Interest (NoW) 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.

Following receipt of today's SAIC notice, the abovementioned conditions have now been met. 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. GSPC is also be required to pay its current and ongoing 55% share of the Cambay Joint Venture expenditure while seeking that the EoD Notice is rescinded through the arbitration proceedings.

The Company's legal advisors are currently considering the SAIC notice and the Company will advise of any further actions that it may choose to take, if any.


Managing Director, Joe Salomon, said: "We are confident that the Company has followed the correct legal process and acted in good faith with both our joint venture partners and the Government of India. Notwithstanding today's announcement, the Company remains committed to develop Cambay work. Accordingly, we will fully enforce our rights as necessary to facilitate the successful development of the project."

https://www.moneyam.com/action/news/showArticle?id=6211663

07:00 Oilex Ltd (OEX) AGM Chairman's Address RNS
07:00 Oilex Ltd (OEX) Issue of Securities RNS
07:00 Oilex Ltd (OEX) Results of Annual General Meeting 29 November 2018 RNS

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

****From this morning****

Chairman's Address
Annual General Meeting
29 November 2018

Dear Shareholders,

The 2018 financial year has seen the Company deliver on many essential outcomes, as well as undertake many difficult challenges in our pursuit of the development of the Cambay project in India.

The Company has a significant multi TCF potential 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. The Company's previous attempts to exploit this resource were only partially successful.

In August 2017, Schlumberger, Baker Hughes GE and ODSI completed a technical evaluation to derive an optimal well and stimulation design. Schlumberger and Baker Hughes also completed the core analysis and analyzed the reasons for under-performance of past wells. Notably, the review confirmed that the EP-IV tight siltstones can be effectively stimulated and that commercial gas flow rates are potentially achievable.

Following the encouraging results from the technical review, in September 2017 the Company completed a Field Development Plan and applied for a ten-year extension to the Cambay PSC. In April 2018, the Company received notification from the Ministry of Petroleum and Natural Gas that it had approved the proposal for the grant of ten-year extensions to both the Cambay and Bhandut PSCs. Securing this extension was important to regaining momentum in the Company's key asset at Cambay.

Unfortunately, following the extension approval, the Company was not able to gain alignment with its JV partner on how to progress with the development of Cambay. In May 2018, the Company having considered that it had exhausted all other avenues, issued an Event of Default Notice to Gujarat State Petroleum Corporation (GSPC) and then subsequently sought the transfer of GSPC's participating interest in the Cambay PSC to Oilex in accordance with the provisions of the Joint Operating Agreement. Subsequently, GSPC commenced legal action to delay the transfer, initially with an ex-parte Order from the High Court of Gujarat followed by commencement of arbitration proceedings in November 2018.

Cambay is an important national asset of India and the Company fully intends to meet its undertakings to the Government of India and contribute to India's energy security. While the Company is confident, having taken external legal advice, that it has followed the correct legal process to ultimately facilitate the development of Cambay, we believe that a lengthy legal dispute is not desirable for any party. Accordingly, the Company is presently in discussions with GSPC and the Government of India to seek a commercial resolution. Importantly, in meetings earlier this week, there is alignment between both GSPC and Oilex to avoid arbitration if possible.

While OEX remains optimistic that a commercial resolution can and should be achieved and is working towards that end, there is no certainty for the timing or the outcome. Accordingly, we will continue to update the market from time to time.

Importantly, it is essential that Company retains supportive shareholders as we navigate through these final hurdles. In late 2017, the Company gained a new cornerstone shareholder, Republic Investment Management. In December 2017 Republic agreed to participate taking up an initial 7% interest in Oilex. Republic continued their support of the Company in May, July and then also September 2018. Republic currently has a shareholding of 9.7% in the Company, as well as advancing loans to the Company.

The support by all shareholders, including Republic, is appreciated by your Board and is seen as a vote of faith in the direction of your Company.

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

https://www.moneyam.com/action/news/showArticle?id=6224851

14 December 2018
ASX: OEX
AIM: OEX

Re: Issue of Securities

Oilex Ltd (the Company) advises that it has issued 29,120,559 new ordinary shares (New Ordinary Shares) at 0.19 pence pursuant the capital raising announced 11 September 2018. The £55,329 (A$100,000) issued today is the final tranche forming part of the £0.7 million (A$1.27 million) debt and equity capital raising.

The issue of New Ordinary Shares under LR7.1 are included in the attached Appendix 3B.


Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of the New Ordinary Shares to trading on AIM (Admission). Admission is expected to become effective, and dealings to commence in, the New Ordinary Shares at 8.00 a.m. on 19 December 2018. Following Admission, the Company will have 2,367,311,884 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 2,396,432,443.

Section 708A(5)(e) Statement

Pursuant to the issue of the abovementioned New Ordinary Shares, Oilex gives notice under section 708A(5)(e) of the Corporations Act (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 708(8) of the Act.

https://www.moneyam.com/action/news/showArticle?id=6244735