23 October 2013
Company Announcements Office
ASX Limited
4th Floor
20 Bridge Street
Sydney NSW 2000
OILEX ACCEPTS OFFER OF TWO CANNING BASIN EXPLORATION
PERMITS

Acceptance letters submitted for STP-ETP-0106, discrete area L12-08 and
STP-ETP-0107, discrete area L12-09

Oilex issues Invitation to Tender for the Gravity and Magnetic surveys

Ongoing discussions with various Native Title Claimants continue
Oilex Ltd (ASX: OEX, AIM: OEX, Oilex) is pleased to confirm that it has submitted
letters of acceptance for two Canning Basin Exploration Permits, represented by STPETP-0106, discrete area L12-08, and STP-ETP-0107, discrete area L12-09. As
previously announced, Oilex submitted competitive bids for these areas in April 2013
and was notified of its status as Preferred Applicant for both discrete areas earlier this
month.
Oilex now controls ~4.4 million acres (incorporating contiguous areas of Permits SPA0055, L12-08 & L12-09) encompassing the full extent of the interpreted Wallal Graben
play fairway located onshore in the Canning Basin, Western Australia. As announced
in July 2013, Oilex is pursuing a farmout of a portion of the Permit area with a number
of interested parties. Having control over the entire play fairway will enhance the
opportunity to reach agreement with one or more of these parties (Please refer to
Diagram 1 included below).
In parallel with the farmout, Oilex continues to engage with various Native Title
Claimants around their claims that cover portions of the discrete areas the Company
has accepted. Tender documents for the Gravity and Magnetic surveys have been
issued for activities that form part of the work commitments.
The contiguous nature of the three discrete areas may allow the opportunity to acquire
a single large survey, potentially realising cost efficiencies and expediting a technical
understanding of the acreage’s hydrocarbon potential.
ABN 50 078 652 632
Level 1,660 Newcastle Street, Leederville WA 6007 Australia, PO Box 38 Leederville WA 6902 Australia
Telephone: (+61 8) 9485 3200 Facsimile: (+61 8) 9485 3290
Email: [email protected] Web: www.oilex.com.au
Managing Director Ron Miller said:
While preparations for drilling Cambay-77H continue in India, Oilex has been able to move
forward with plans for its new substantial acreage position in the Canning Basin without
disrupting the organisation’s focus on this critical well. On the basis of the interest in our
Australian assets to date, we are confident of securing a quality partner in the near future.
For and on behalf of the Board
Ron Miller
Managing Director
Diagram 1: Canning Basin, Western Australia
For further information, please contact:
Oilex Ltd
RFC Ambrian Limited
Tavistock Communications
Ron Miller, Managing Director
Email: [email protected]
Tel: +61 8 9485 3200
Australia
Nominated Adviser and AIM Broker
Samantha Harrison
Email: [email protected]
Tel: +44 203 440 6800
UK
Conrad Harrington
Email: [email protected]
Tel: +44 207 920 3150
UK