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

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

RNS for the interview posted yesterday:

29 April 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: http://www.oilex.com.au/ under "Latest News".

http://www.moneyam.com/InvestorsRoom/postaction.php

Quarterly Report 31 March 2015

Summary

CAMBAY PSC, ONSHORE GUJARAT, INDIA

Subsequent to the end of the quarter Oilex announced:

· Gross 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 3P Reserves of 377 Bcf gas and 17.3 MMbbls of condensate (C5+) in the Y zone

(Oilex net working interest 170 Bcf gas and 7.8 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 program for commercial development of the Cambay Field

· Engineering studies for permanent gas processing facilities have commenced

· Establishment of Reserves provide a strong foundation for the expedited development of the Cambay Field to achieve key corporate objectives of increasing reserves, production and cashflow

· Three wells to come into production in two separate fields in 2015

o Cambay-73 production to commence in May 2015

o Bhandut-3 production to commence in July 2015

o Cambay-77 production to commence in August 2015

BHANDUT FIELD, ONSHORE GUJARAT, INDIA

· Design engineering work for the gas production facilities required has been completed. Scope of work and materials requirements are expected to be finalised early May, with procurement of equipment expected to commence during May. Delivery of critical equipment will govern the start of Bhandut-3 gas production.

CORPORATE

· In January 2015 Oilex appointed Mr Jeffrey Auld as a Non-Executive Director. The appointment of a UK based independent non-executive director, with significant experience in the London capital markets and upstream oil and gas industry, is in line with the Company's decision to appoint additional directors to achieve the right mix of skills, experience and diversity which reflects the Company's strategy and increases the balance of independence on the Board.

· During the quarter Oilex appointed Westhouse Securities Limited as its UK Broker. Westhouse is a corporate and institutional stockbroking group with a strong track record across a number of market sectors. Subsequent to the end of the quarter, Oilex appointed PAC Partners Pty Ltd as its Australian Broker. 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.

FULL REPORT FROM LINK BELOW

http://www.moneyam.com/action/news/showArticle?id=5026816

Oilex poised to restart three historic wells this year
By Giles Gwinnett
April 30 2015, 8:46am

India focused oil and gas firm Oilex (LON:OEX) is set to put three historical wells in two separate fields into production in 2015, it told investors in a quarterly update.

Cambay-73 production is due to begin in May this year; Bhandut-3 production to commence in July and Cambay-77 production to kick off in August, it said.

It is the first time gas has been produced fro Cambay since the early 1990's, the group said.

"Production from these wells will be a substantial step towards cash positive operations in India for the company as a result of the strong gas demand and associated robust gas price structure."

Cambay-73 will supply gas to a low pressure gas market near the field and is expected to produce around 50-60boepd (barrels of oil equivalent per day) of gas and condensate.

Earlier this month, the firm released a resource upgrade validated the commercial development of the Cambay Field.

The Y zone at Cambay is now said to contain 2P (proved and probable) reserves of 206 Bcf (billion cubic feet) gas and 8 MMbbls (millions of barrels) of condensate (C5+).

Of this, Oilex has a net working interest of 93 Bcf gas and 3.6 million barrels (MMbbls) of condensate.

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

At the end of the quarter, the firm had cash of $2.7 million and is currently reviewing funding options for the Cambay 2015/16 work programme.

The establishment of 2P reserves at Cambay provides additional funding options including project finance, which will be reviewed and assessed, it said.

Oilex to Bring Into Production Three Gas Wells in India This Year
May 04th, 2015



Oilex will bring into production three wells in two separate fields in Gujarat, India in 2015, the company said in its quarterly report last week.

Cambay-73 will come into production this month; Bhandut-3 production expected to commence in July and Cambay-77 production will start in August, Oilex said.

Oilex will recommence gas production in Cambay field for the first time since early 1990’s.

"Production from these wells will be a substantial step towards cash positive operations in India for the company as a result of the strong gas demand and associated robust gas price structure,” it said.

The company late last month said it has completed the Cambay-73 oil and gas production facilities in India’s Gujarat state on budget and ahead of schedule. Construction of the pipeline has commenced and it is expected to be at site ready for connection to the production facilities during May 2015 which will enable final commissioning to be completed, the company said.

Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay field and is expected to produce approx. 50-60 boepd of gas and condensate.

11 May 2015
ASX: OEX
AIM: OEX

INVESTOR PRESENTATION - MAY 2015

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

http://www.rns-pdf.londonstockexchange.com/rns/7181M_-2015-5-11.pdf

For and on behalf of Oilex Ltd

Chris Bath
Chief Financial Officer and Company Secretary

http://www.moneyam.com/action/news/showArticle?id=5033650

Also a 5 Minute Pitch Interview:

http://www.oilex.com.au/investor-information/news/news-detail/2015/05/11/fmptv-5-minute-pitch-interview

Hi there. As well as the TV interview we did for Oilex you can also find a range of other information on the company here;

www.fmp-tv.co.uk/companies/oilex-ltd

This was in the public domain about 13:00 yesterday:

13 May 2015
ASX: OEX
AIM: OEX

JPDA 06-103 Joint Venture

Oilex Ltd, in its capacity as Operator, on behalf of the Joint Venture Participants in the Joint Petroleum Development Area ("JPDA") 06-103 Production Sharing Contract ("PSC"), submitted a request to the Autoridade Nacional do Petroleo ("ANP") to terminate the PSC by mutual agreement in accordance with its terms and without penalty or claim on 12 July 2013 ("Request to Terminate").

The Request to Terminate followed Joint Venture concerns over the security of PSC tenure as a result of developments within the JPDA, including JPDA (06-103), which are outside the control and influence of the Joint Venture Participants, including:

(a) existence of separate unilateral rights to terminate the Certain Maritime Arrangements in the Timor Sea ("CMATS") arising in 2013 in favour of both the Government of Timor Leste and the Government of Australia; and

(b) formal arbitration proceedings being initiated by the Timor Leste Government against the Government of Australia to have CMATS declared void ab initio.

On 15 January, 2014 the ANP suspended the PSC for 3 months to provide sufficient time for a response to the Request to Terminate be determined. The ANP has subsequently granted successive 3 month extensions to the PSC.

The PSC is currently suspended until 15 July 2015 but remains in good standing.

The ANP has responded to the Joint Venture in a letter dated 11 May 2015 and advised the Request to Terminate has been rejected. The ANP have further indicated their intention to serve notice to terminate under the terms of the PSC. A notice to terminate has not been received.

The Joint Venture will consider the ANP's response to ascertain the most appropriate way forward.

The Joint Venture Participants in JPDA 06-103 are:


Oilex (JPDA 06-103) Ltd (Operator) 10.0%
Japan Energy E&P JPDA Pty Ltd 15.0%
GSPC (JPDA) Limited 20.0%
Videocon JPDA 06-103 Limited 20.0%
Bharat PetroResources JPDA Ltd 20.0%
Pan Pacific Petroleum (JPDA 06-103) Pty Ltd 15.0%


For and on behalf of Oilex Ltd

Chris Bath

Chief Financial Officer

http://www.moneyam.com/action/news/showArticle?id=5035516

Oilex confirms intention to exit Timor Sea venture
By Jamie Ashcroft
May 13 2015

Oilex (LON:OEX) has confirmed it intends to terminate contracts for an exploration project in the Timor sea.

The AIM junior is the operator of the project, which strategically is considered non-core, and it has a 10% stake in the joint venture alongside five other companies.

The termination was described as being mutual, and it comes amid concerns over the security of the production sharing contract’s (PSC) tenure which are outside the control of the companies; issues such as formal arbitration between the government of Australia and the Timor Leste government.

Oilex said the PSC is currently suspended until July 15, but it remains in good standing.

Timor-Leste’s Autoridade Nacional do Petróleo (ANP) – the National Petroleum Authority – has rejected the company’s request to terminate though it advised its intention to terminate under the terms of the PSC. No such notice has yet been received, though Oilex said the joint venture partners will consider ANP’s response and ascertain the most appropriate way forward.



Edit-Better explanation about this mornings news from Morningstar below:

14 May 2015
ASX: OEX
AIM: OEX

JPDA 06-103 Joint Venture



Oilex Ltd ("Oilex"), in its capacity as Operator, on behalf of the Joint Venture Participants in the Joint Petroleum Development Area ("JPDA") 06-103 Production Sharing Contract ("PSC"), has received a Notice of Intent to Terminate the PSC ("Notice") from the Autoridade Nacional do Petroleo ("ANP"). The Notice follows on from the recent rejection by the ANP of the Joint Venture Request to Terminate the PSC by mutual agreement, in good standing and without penalty ("Request to Terminate").

The Notice asserts a monetary claim against the Joint Venture for payment of the estimated cost of exploration activities not carried out in 2013 and certain local content obligations set out in the PSC. The total amount sought to be recovered by the ANP in the Notice is approximately USD17M (Oilex share USD1.7M). The Company has not provided for a monetary settlement in its accounts and given the significant overpayment in the work programme would not anticipate making such a provision.

The Joint Venture has previously requested credit for excess expenditure on the approved work program in the amount of circa USD56M and this issue remains unresolved. The Notice does not include any reference to, nor allowance for, credit for excess monies which have been spent by the Joint Venture during the PSC term. Oilex considers such excess expenditure should be included as part of any financial assessment incorporated in the termination process.

The ANP has requested the Joint Venture submit a written response to the Notice by 12 June 2015. In accordance with this request, the Operator, and the Joint Venture, will review the Notice and deliver a formal response within the specified period.

The PSC remains in formal suspension until 15 July 2015.


Background


The Request to Terminate was made due to Joint Venture concerns as to the security of PSC tenure as a result of separate unilateral rights to terminate the Certain Maritime Arrangements in the Timor Sea ("CMATS") arising in 2013 in favour of both the Government of Timor Leste and the Government of Australia and formal arbitration proceedings being initiated by the Timor Leste Government against the Government of Australia to have CMATS declared void ab initio.

These matters remain unresolved at present.

The Joint Venture Participants in JPDA 06-103 are:


Oilex (JPDA 06-103) Ltd (Operator)-10.0%
Japan Energy E&P JPDA Pty Ltd-15.0%
GSPC (JPDA) Limited-20.0%
Videocon JPDA 06-103 Limited-20.0%
Bharat PetroResources JPDA Ltd-20.0%
Pan Pacific Petroleum (JPDA 06-103) Pty Ltd-15.0%

For and on behalf of Oilex Ltd

Chris Bath

Chief Financial Officer

http://www.moneyam.com/action/news/showArticle?id=5036793

18 May 2015
ASX: OEX
AIM: OEX

PESA Deal Day Presentation

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

http://www.rns-pdf.londonstockexchange.com/rns/4098N_-2015-5-18.pdf

http://www.moneyam.com/action/news/showArticle?id=5038346

8 June 2015
ASX: OEX
AIM: OEX


Cambay-73: Pipeline and pre-commissioning completed

· Laying of pipeline complete

· Tie-in to the production facilities is in progress

· Production of ~50-60boepd to commence within 2 weeks after commissioning completed

Oilex is pleased to announce that the laying of the pipeline has been completed, with tie in to the production facilities expected to be completed shortly. The Cambay-73 oil and gas production facilities have finished pre-commissioning and are now ready for commissioning and start-up.

Cambay-73 will supply gas to the 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.

The scheduled commencement of gas sales into the Indian domestic market reinforces Oilex's strategic advantage as an early mover in India and highlights the Company's ability to access infrastructure and successfully execute its work program.

Managing Director of Oilex, Ron Miller, said;

"The commencement of gas production from the Cambay-73 facilities is a significant milestone for Oilex and marks the first step on the path to achieving positive cash flow from operations in India. Oilex continues to deliver on its plan of production, near-term cashflow and reserves growth to create a sustainable business in the midst of a robust and supportive domestic market for petroleum energy."

http://www.moneyam.com/action/news/showArticle?id=5052039

Oilex (LON:OEX/ASX:OEX) – Next Stage Beckons

Today's news that Oilex's Cambay field is entering the final stages of commissioning is good news, not just for the Company, but shareholders too. Now that the near term cash flow has been shored up, we believe that the next stage is for management to focus on how to maximise the benefits from its ownership of Cambay to generate further value for shareholders.

The next stage is going to be vital, as it is going to be key to understanding the direction the Company intends to move in next. Of course, we are assuming that Cambay will produce sufficient excess cash flow to deploy elsewhere in the portfolio, which is something that the management team will have to ensure.

Today's news is a solid step forwards for the Company, and while it is one that deserves to be congratulated, the next stages are now the most important, such as the field's full development strategy and the use of proceeds to generate further value.

10 June 2015
ASX: OEX
AIM: OEX

PAC Partners Broker Research

Oilex Ltd advises that that an independent research report has been completed by PAC Partners and the report is now available on the Company's website
http://www.oilex.com.au/

This document is an analyst's report and contains estimates and forecasts prepared by the researcher and extrapolated from information on the Company already in the public domain. Such forecasts do not represent specific guidance issued by the Company.

http://www.moneyam.com/action/news/showArticle?id=5053803


http://www.oilex.com.au/docs/default-source/Analyst-Research/20150610-pac-rr_oex_150609.pdf?sfvrsn=0