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

Oilex updates Indian assets
Written by Audrey Raj Tuesday, 10 March 2015

Oilex Ltd plans to drill four new wells in the Cambay Field, located in the State of Gujarat, India.

Approved by the Cambay Field Joint Venture (JV) and the Government of India, the work program includes two firm wells and two contingent wells.

Scheduled to run in the course of two years commencing 2015, the first well is expected to spud late this year, subject to the finalisation of funding.

Tendering activities are currently underway and the company expects to take advantage of the recent decrease in global oil and gas activity to achieve a reduction in drilling and other costs.

Image: Cambay Field

“Oilex is very pleased with the strong support of the Government of India and rapid approval of the 2015/16 work program for the Cambay Field after the successful proof of concept activities at Cambay-77H,” said Ron Miller, managing director, Oilex.

“We are moving forward with the planning and preparation for the work-over and drilling campaigns both of which target increasing production, cashflow and reserves from our India assets.”

Construction of production facilities at Cambay-73 is 50% complete and the JV plans to commence a five well work-over campaign to boost oil and gas production in 2015.

The updated Independent Reserves and Resource statement comprising of production data for the past 3 years, as well as data for Cambay-77H and Cambay-73 is scheduled for completion April 2015.

Engineering studies to examine the cost and schedule parameters of a range of throughput sizes as part of the development planning for the field and to determine temporary production facilities for Cambay-77H are currently underway.

The JV also welcomed Jayant R. Sethi who assumed the role of head of India assets in charge of daily operations. A trained geologist, Sethi brings technical and operational leadership experience to the position.

“The strong growth outlook for the Indian economy together with a significant shortage of gas and substantial gas demand provides a robust environment for future gas prices which helps to shield Oilex from the full impact of low oil prices,” commented Miller.

Design engineering work for gas production facilities required for the group’s Bhandut-3 field is now at 40% completion.

ASX Announcement
16 March 2015
ASX: OEX

AIM: OEX

INVESTOR PRESENTATION - MARCH 2015

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

http://www.rns-pdf.londonstockexchange.com/rns/5402H_1-2015-3-16.pdf


For and on behalf of Oilex Ltd

Chris Bath

Chief Financial Officer and Company Secretary

http://www.investegate.co.uk/article.aspx?id=201503161231275402H

19 March 2015
ASX: OEX
AIM: OEX

Appointment of UK Broker

Oilex Ltd is pleased to announce the appointment of Westhouse Securities Limited as its UK Broker with immediate effect.

Westhouse is a corporate and institutional stockbroking group with a strong track record across a number of market sectors.

Managing Director of Oilex, Ron Miller, said;

"Oilex is very pleased with the appointment of Westhouse Securities as the Company's UK Broker at an important stage in the Company's development, with a focus on near term production and cash flow from the Cambay Field in India, a quality Indian asset in a premium market."

For and on behalf of Oilex Ltd

Ron Miller
Managing Director

http://www.moneyam.com/action/news/showArticle?id=4998392

ASX Announcement
20 March 2015
ASX: OEX

AIM: OEX

Interview with Oilex Managing Director

Oilex Ltd provides an opportunity to watch a video interview with Oilex Managing Director, Mr Ron Miller.

The video can be viewed on the Oilex website:

https://www.oilex.com.au/investor-information/announcements/announcements-detail/2015/03/20/interview-with-oilex-managing-director---march-2015-update

For and on behalf of Oilex Ltd



Chris Bath

Chief Financial Officer and Company Secretary

26 March 2015
ASX: OEX
AIM: OEX


Cambay-73 - construction of oil and gas production facilities



Oilex Ltd is pleased to provide an update on construction of the oil and gas production facilities at Cambay-73.

Overall progress of the project is 77% complete. The electrical system installation is almost complete while mechanical fabrication is 82% complete. Various pre-commissioning activities should commence next week and costs are forecast to be within budget despite some delays in equipment delivery. Connection of the low pressure gas pipeline system to the plant is the responsibility of the gas buyer and is expected to be completed during April 2015.

Cambay-73 is a frac'd vertical well located 1.2km SSE of Cambay-77H, the first multistage frac'd horizontal well to be successfully production tested in the Cambay Basin. Cambay-73 and Cambay-77H have intersected the same Y zone reservoir and both have produced gas and light oil/condensate. Gas composition analyses conclude that gas from Cambay-77H and Cambay-73 is almost identical with minimal processing required to reach pipeline specification. Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay Field and is expected to produce approximately 50-60boepd of gas and condensate. The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil.

Managing Director of Oilex, Ron Miller, said;

"Oilex is very pleased with construction progress at Cambay-73 which should enable the Joint Venture to commence production during May 2015. This will be the first gas produced and sold from the Y zone formation within the Cambay Contract Area and it will be the first gas sold from the Cambay Field in over 23 years. Commercial production from Cambay-73 is a key initial step to achieving the Company's objective of becoming cash flow positive from operations in India in H2 2015."

http://www.rns-pdf.londonstockexchange.com/rns/5011I_-2015-3-26.pdf

http://www.moneyam.com/action/news/showArticle?id=5003049

UPDATE - Oilex looks ahead to first gas production in May
By Jamie Ashcroft
March 26 2015, 12:01pm



--adds broker comment, updates share price--

Oilex (LON:OEX) expects to begin production from the Cambay-73 well in May.

The company told investors that the construction of the production facilities is now about 77% complete.

It expects pre-commissioning activities to begin next week, and connection of a gas pipeline system to the plant – which is the responsibility of the gas buyer – is anticipated during April.

Ron Millar, Oilex managing director, highlights that this will be the first gas sold from the Cambay field in over 23 years.

"Oilex is very pleased with construction progress at Cambay-73 which should enable the joint venture to commence production during May 2015,” Millar said.

“Commercial production from Cambay-73 is a key initial step to achieving the company's objective of becoming cash flow positive from operations in India in H2 2015."

Broker SP Angel said today's update is a timely reminder of how far the company has come and the issues that it has faced getting here.

Cambay-73 will supply gas to a local gas market, under low pressure, and it is expected to produce at a rate of 50 to 60 barrels oil equivalent per day (including condensate, which will be separated and trucked to a nearby refinery).

The company is also working towards production from the recently drilled Cambay-77H well.

Shares in Oilex were up 15% halfway through Thursday's trading session, priced at 2.7p.

One Year Chart

Three Month Chart

Oilex Reveals Interest in Canning Basin Acreage
Lauren Barrett
Wednesday, 1 April 2015 - 07:28pm

While Perth-based Oilex is charging ahead with its unconventional gas project in India, the company says the farm-out process for its acreage in the Canning Basin has been well received.

The company, which is listed on the ASX and London’s AIM, pleased Australian investors last week when it announced it expected production at its Indian Cambay-73 joint venture project to begin in May.

The junior’s shares gained more than 10 per cent to 5 cents on the back of the news which highlighted commercial production from Cambay-73 was a key initial step to achieving its objective of becoming cash flow positive from the operations in the second half of 2015.

While the company remains focused on growing its production and reserves from its Indian operations, Oilex managing director Ron Miller told Oil and Gas Investor Australia that a farm-out process for its three south-west Canning Basin permits was gaining significant traction.

“We have organisations from the US and elsewhere that have been through the data room and are currently in the data room,” he said.

“We think the permits are well positioned because the only existing gas infrastructure the Canning Basin has runs across our permits.

“It is close to the Pilbara iron ore province and as you’ve seen with Fortescue Metals Group and others they are looking to lower their costs of production by changing their energy mix from diesel exclusively to diesel plus gas so we see gas as an opportunity if we happen to make a discovery there.”

The company picked up the three Canning Basin permits in 2013 after management recognised the similarities with its Cambay Basin acreage and noted the south west area had high quality infrastructure.

An extensive review on the permits also identified the Wallal Graben, a potentially overlooked, deep, undrilled half graben in the south-west Canning Basin.

It’s still early days for the permits with native title negotiations continuing. However Miller is hopeful of finalising those in the near-term. While he couldn’t put a timeframe on how long the farm-out process would take, Miller expects drilling on the permits to take place sometime in 2017.

The excitement surrounding the Canning Basin’s shale gas appeal took a hit last year when U.S. major ConocoPhillips and Chinese oil giant PetroChina pulled out of their shale-play joint venture with New Standard Energy, citing disappointing results.

Meanwhile, one time market darling Buru Energy which is the largest shareholder in the Basin has struggled to retain shareholder confidence in its Canning Basin story, with shares falling from highs of above $3 in 2012 to today’s price of 30.5 cents.

While the company confirmed the potential of the Ungani oil field back in 2011 when it announced the first significant oil discovery in the basin since the 1980s, the company continues to grapple with technical hurdles in the Basin while opposition from activists opposed to fracking persists.

Miller said Oilex was closely monitoring general activities in the Canning Basin but was confident it wouldn’t experience the same issues.

“We monitor all activities that are going on in areas of interest that we have and certainly we think we can manage our operations in a safe and sustainable manner,” he said.

General interest in that Sundeep Bhandari, Vice Chairman & Director, Oilex Ltd is part of the speaker panel at Arabian Sea Region Oil & Gas 2015 Summit 26th-27th May in Muscat, Oman.

http://www.prweb.com/releases/2015/04/prweb12639292.htm

http://www.arabianseasummit.com/

Recap-Should be getting some updates over the next few weeks:

Oilex expects Cambay-73 production in May
26 March 2015 | 09:29am

StockMarketWire.com - Oilex Ltd said overall progress of the Cambay-73 project is 77% complete. It anticipated production during May 2015.

The electrical system installation is almost complete while mechanical fabrication is 82% complete. Various pre-commissioning activities should commence next week and costs are forecast to be within budget despite some delays in equipment delivery.

Connection of the low pressure gas pipeline system to the plant is the responsibility of the gas buyer and is expected to be completed during April 2015.

Cambay-73 is a frac'd vertical well located 1.2km SSE of Cambay-77H, the first multistage frac'd horizontal well to be successfully production tested in the Cambay Basin.

Cambay-73 and Cambay-77H have intersected the same Y zone reservoir and both have produced gas and light oil/condensate. Gas composition analyses conclude that gas from Cambay-77H and Cambay-73 is almost identical with minimal processing required to reach pipeline specification.

Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay Field and is expected to produce approximately 50-60boepd of gas and condensate. The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil.

http://www.stockmarketwire.com/article/5003310/Oilex-expects-Cambay-73-production-in-May.html

14 April 2015
ASX: OEX
AIM: OEX

Appointment of Australian Broker

Oilex Ltd is pleased to announce the appointment of PAC Partners Pty Limited as its Australian Broker with immediate effect.

PAC Partners is a leading independent equities provider with a focus on leading emerging and mid cap companies and also the wholesale business partner of PhillipCapital in Australia.

Managing Director of Oilex, Ron Miller, said;

"Oilex is very pleased with the appointment of PAC Partners as the Company's Australian Broker. PAC Partners have a proven capital markets capability and a focus on leading emerging and mid cap companies."

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5015301

Link at BOP for full RNS including tables:

16 April 2015
ASX: OEX
AIM: OEX


Cambay Field - Reserves and Contingent Resources



X and Y Zones - Summary

· Gross Proved + Probable (2P) Reserves of 206 Bcf gas and 8.0 MMbbls of condensate (C5+) in the Y zone (Oilex net working interest 93 Bcf gas and 3.6 MMbbls of C5+)

· Gross 2C Unrisked Contingent Resources of 720 Bcf gas and 52.8 MMbbls of C5+ in the X and Y zones
(Oilex net working interest 324 Bcf gas and 23.8 MMbbls of C5+)

· 2P Reserves validate Oilex's forward program for commercial development of the Cambay Field

Oilex is pleased to announce that RISC Operations Pty Ltd (RISC), an Australian based, internationally recognised independent petroleum advisory group, has completed an independent Resource Report of the Eocene Formation of the Cambay Field. This work follows on from its evaluation of Cambay-77H flowback and test data in December 2014. RISC has evaluated 2 of 6 potential Eocene reservoirs, the X and Y Zones, and the results for Reserves and Contingent Resources are summarised below.

see link at BOP

The Reserves are attributed to an area of the Cambay Field having multiple vintage and modern well intersections of the X and Y Zones with hydrocarbon flows. The area encompasses recent Oilex operated drilling and production testing activity including the successful Cambay-77H well, the first successfully production tested multi-stage frac'd horizontal well in India. Gas is currently marketed on a competitive tender basis to buyers and will be sold into a low pressure local market, commencing with Cambay-73. Contractual commitments are in place from previous tendering activities and cover gas sales for up to 2 years.

As announced on 9 March 2015, the approved budget for 2015/16 incorporates 2 firm wells, 2 contingent wells and up to 5 firm workovers. The firm wells target increasing production to a level that justifies selling gas into the high pressure market through a nearby gas pipeline network. One of the contingent wells in the 2015/16 budget targets upgrading X and Y Zone Contingent Resources. Additional drilling and facilities expansion will be planned for delivery in subsequent budget years subject to Joint Venture and Government of India approvals.

The Cambay Field is located approximately 10km from the gas pipeline network with spare capacity. The pipeline connection to the high pressure grid will be constructed and owned by a third party, which may be an affiliate of Oilex's joint venture partner, Gujarat State Petroleum Corporation (GSPC). Timing of construction has yet to be determined.

The 2P Reserves are anticipated to support a plateau gas production rate of ~50MMscfd, whilst the 2P + 2C combined volumes may support a plateau gas production rate of 125 - 250MMscfd. Studies, yet to be completed, will determine an optimum field gas production profile and incorporate data from wells drilled as part of the 2015/16 budget. Further explanatory information pertaining to the RISC Reserves and Resource Report is contained in Appendix A.

Managing Director of Oilex, Ron Miller, said;

"The work by RISC has resulted in first Eocene formation Reserves for Oilex in India and recognises the success of our 2014 work program. These Reserves provide a strong foundation for the immediate development of the Cambay Field and achievement of our key corporate goals of increasing production, cash flow and reserves. Oilex's first-mover advantage in opening Cambay Basin (and India) to development of its significant tight oil and gas resources, places the Company on a strong growth trajectory in a robust energy market."

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5017018

Oilex updates resources at Cambay after new evaluation
By Philip Whiterow
April 16 2015, 9:18am


The 2P Reserves validate the forward program for commercial development of the Cambay Field, it said.


Aussie oil and gas explorer Oilex (LON:OEX) has updated its reserves at Cambay in India with the inclusion of the Eocene layer for the first time.

Ron Miller, Oilex’s managing director, said the new estimate on the X and Y zones reflected work carried out by RISC and would provide a strong foundation for the immediate development of the Cambay field.

The new estimates are for 2P reserves (proved and probable) of 206 Bcf gas and 8 MMbbls of condensate (C5+) in the Y zone.

Of this, Oilex has a net working interest of 93 Bcf gas and 3.6 MMbbls of condesate.

Across both zones, 2C contingent resources werer 720 Bcf gas and 52.8 MMbbls of condensate, of which Oilex’s net working interest is 324 Bcf gas and 23.8 MMbbls.

The 2P Reserves validate the forward program for commercial development of the Cambay Field, it said.

Australian consultant RISC evaluated 2 of 6 potential Eocene reservoirs, the X and Y Zones, which followed on from the evaluation of Cambay-77H flowback and test data in December.

Oilex expects to begin production from the Cambay-73 well in May and is also working towards production from the recently drilled Cambay-77H well.

This mornings news reported in India:

Cambay basin in Gujarat holds 206 Bcf gas in one zone: Oilex
By PTI | 16 Apr, 2015, 05.07PM IST

NEW DELHI: Aussie oil and gas explorer Oilex today said its Cambay basin discoveries in Gujarat hold 206 billion cubic feet (Bcf) of gas and 8 million barrels of condensate reserves in just one zone.

"RISC Operations, an Australia-based, internationally recognised independent petroleum advisory group, has completed an resource report of the Eocene Formation of the Cambay Field," Oilex said in a statement.

20 April 2015
ASX: OEX
AIM: OEX


INVESTOR PRESENTATION - APRIL 2015



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

http://www.rns-pdf.londonstockexchange.com/rns/6682K_-2015-4-20.pdf

Westhouse Securities Initiates Coverage on Oilex Ltd. (OEX)
Posted by Stephan Byrd on Apr 21st, 2015

Analysts at Westhouse Securities assumed coverage on shares of Oilex Ltd. (LON:OEX) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a GBX 7.40 ($0.11) price target on the stock. Westhouse Securities’ target price points to a potential upside of 97.33% from the stock’s previous close.

Shares of Oilex Ltd. (LON:OEX) opened at 3.75 on Tuesday. Oilex Ltd. has a one year low of GBX 1.59 and a one year high of GBX 12.62. The stock has a 50-day moving average of GBX 3. and a 200-day moving average of GBX 3.. The company’s market cap is £25.42 million.

Oilex Ltd is an Australia-based company engaged in exploration, development and production of hydrocarbons. During the fiscal year ended June 30, 2012, the Company was primarily engaged in the exploration of oil and gas, appraisal and development of oil and gas properties, and production and sale of oil.

http://tickerreport.com/banking-finance/462221/westhouse-securities-initiates-coverage-on-oilex-ltd-oex/

Oilex on the cusp of exceptional production growth phase, broker says
By Jamie Ashcroft
April 21 2015, 3:06pm

At current prices Oilex (LON:OEX) presents more than 100% upside for investors, according to City broker Westhouse Securities.

Henderson predicts Oilex can grow gross production from a standing start to nearly 60,000 barrels oil equivalent in the next 5 to 6 years


Westhouse analyst Mark Henderson has today begun covering the India focussed gas play with a ‘buy’ recommendation and a 7.4p price target (current price 3.5p).

The analyst says that following the ‘proof of concept’ success at the Cambay field he now expects Oilex will soon start to deliver substantial volume and cashflow growth over the next five to six years.

Henderson predicts Oilex can grow gross production from a standing start to nearly 60,000 barrels oil equivalent during that timeframe.

“Oilex is on the cusp of delivering exceptional production growth from its Cambay basin assets in Gujarat State, as it applies the learnings gained in the development of tight gas formations in North America to its assets in India,” he said in a note.

The analyst also highlights the favourable economics within India’s under-supplied and heavily industrial Gujarat state.

He describes Gujarat as “one of the most industrialised regions in India” and as such he points out that there are many gas-hungry power generation companies and industrial customers nearby.

A recent reserves report revealed the Cambay project had some 43.5mln barrels of oil equivalent reserves, as well as about 177mln barrels of oil equivalent contingent resources.

Henderson says Oilex can progressively deliver value to investors by de-risking and commercialising these resources.

“In order to deliver the significant potential upside in shareholder value, Oilex management must repeat the success of the Cambay-77H well across the Cambay field,” he added.

28 April 2015
ASX: OEX
AIM: OEX


Cambay-73: Production Facilities Completed


· Oil and Gas Production facilities ready to operate

· Initial production of ~50-60boepd of gas and condensate

· Development of larger Cambay Project continuing

Oilex is pleased to announce the completion of the Cambay-73 oil and gas production facilities on budget and ahead of schedule. The facilities are now ready for start-up and awaiting arrival of the low pressure gas pipeline to site. Construction of the pipeline has commenced and it is expected to be at site ready for connection to the production facilities during May 2015. This will enable final commissioning to be completed.

Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay Field and is expected to produce approximately 50-60boepd of gas and condensate. The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil produced.

Oilex has also started an assessment of nearby legacy wells which may be capable of being tied into the Cambay-73 facilities should they have surplus capacity. In conjunction with this, the Cambay Joint Venture will evaluate expanding supply to the local low pressure gas market as a method to increase production and cash flow with minimal investment.

The scheduled commencement of gas sales into the Indian domestic market reinforces Oilex's strategic advantage gained from nearly a decade of experience in India and highlights the Company's ability to access infrastructure and successfully execute transactions.

Managing Director of Oilex, Ron Miller, said;

"The work by Oilex to complete the production facilities on budget and ahead of schedule is a significant achievement by our India Project Team. Gas production will lead to increased cashflow from the Cambay Field and is significant step in our 2015 programme. Oilex continues to deliver on its plan of production, cashflow and reserves to create a sustainable business in the midst of a robust market for petroleum energy."

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

http://www.moneyam.com/action/news/showArticle?id=5024643

EDIT-Before and after pictures on page 2:

http://www.rns-pdf.londonstockexchange.com/rns/4724L_-2015-4-28.pdf

Oilex confident in ‘repeating the success so far’ at Cambay (Video)

28/04/2015

http://www.ig.com/uk/live-video?bctid=4201051360001&bclid=3728437912001