18.JAN.2013 5:21 ASX PERTH N0.183 P.l/4
OILEXLTD18 January 2013
ASX Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000
Attention Mr Wade BaggottDear Mr Baggott,
RE: PRICE ANO VOLUME QUERYFurther to your Iettar dated 17 January 2013 concerning the price ohange and increase in volume of trading in the Company's securities during recent days, we advise the following;
1. ls the Company aware of any information concerning it that has not been announced which, if known, could be an explanatìon for recent trading in the securitìes of the Company? No
2. lf the answer to question 1 is yes, can an announcement be made immediately? lf not, why not and when is it expected that an announcement will be made? N!A
3. ls there any other explanation that the Company may have for the price and volume change in the securities of the Company? The Company has no explanation for the inorease in price changa and increase in volume in the trading of its securitias.
The Company refers to its racant September quarterly report and the Iettar to shareholders in Deoember 2012 wherain it advised that a high-impaot work programme was being designed to determine tha commercia/ potentiat of zones
within the Cambay reservoir in Gujarat India for dril/ing and fiow testing an offset we/1
near to the Cambay 76H we/1. Budgets have been presentad and c:urrantty approva/
is awaitad from our JV partner and the Authorities. tn addition, the JPDA 06-103
Timor Sea JV is awaiting approva/ of the request for extension of its term from
15 January 2013. In relation to both of the abo ve matters, the Campany wi/1 advisa when thase ara finalised.
4. Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1. The Company is in compliance.
For and on behalf ofthe Oilex Ltd Board
Ron Miller
Acting Managing Director
ABN 50 076 G52 li3Z
Level1,660 Newcastle Street Leederville WA 6007 A"stralia, PO Sox SS Leederville WA 6902 Australia
Telephone: (+618)9485 3200 Facsimile: (+618)9485 3290
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!"or further information, please Gontact:
Oilex Ltd
Ron Miller, Director
oilex@oilex.cam.au
+61 (0)8 9485 3200 (Australia)
RFC Ambriar'l Limited (Nominated Adviser and Joint AlM Sroler)
Samantha Harrison samantha.harrison@rfoambrian.com +44 (O) 20 3440 6800 (UK)
N+1 Singer LLP (Joint AlM Sroker)
Jonny Franklln-Adams jonny.franklin-adams@Nt Singer.com +44 (0) 20 7496 3000 (UK)
Tavistock Communicatlons
Ed Portman eportman@tavistook.oo.uk
+44 (0)207 920 3150
+44 (0)7733 363 501
(UK)
(UK)
Mercury Consulling
Davld Greer david.greer@mercuryconsulting.com.au +61 (0)2 8256 3333
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ASX Compliance Pty Limìted
ABN 26 087 780 489
Level B Exch nge Pl za
2 The Esplanade
PERTH WA 6000
GPO Box 0187
PERTH WA 6640
Telephone 61 B 9224 0000
Facsimile 61 a 9221 2020
www.asx.çom.au17 January 2013
David Peterson Company Secretary Oilex Limited
Level1, 660 Newcastle Street
LEEDERVILLE WA 6007
By email
DearDavid
Oilex Limited (the "Company'1
PRICE ANO VOLUME QUERY
We have noted a change in the price of the Company's securities !rom a closing price of $0.068 on Thursday 10 January
2013 to $0.10 at the close oftrading today. We have also noted an increase in the volume oftrading in the securities
over this pariod.
In light ofthe price and volume change, please respond to each of the fottowing questions.
1. ls the Company aware of any information concerning it that has not been announced whioh, if known, could be an explanation for recent trading in lhe securities of the Company?
Please note that as nacent trading In the Company's seourities oould indicate that information has ceased to be confidential, the Company is unable to rely on the exceptlons to listing rule 3.1 contained in listing rule 3.1A when answering lhis question.
2. lf the answer lo question 1 is yes, can an announcement be made immedlately? lf not, why not and when is it
expected that an anncuncement will be made?
Please note, if the answer to questian 1 is yes and an announcement cannot be made immedialely, you need to oontact us to discuss this and you need to considera tradlng halt (see below).
3. ls there any other explanation that the Company may have far the price change In the securities of the
Company?
4. Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
Your response should be senito me by email to wade.baggott@asx.cam.au or an facsimile number +61 8 9221 2020. Ilshould not be senilo ASX Market Announcements.
Unjess the information is required immediately under listing rule 3.1, a response ls requested as soon as possible and, in any event, not later than half an haur before the commencement of trading (6:30am wsn tomorrow.
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Under lisling rule 18.7A, a copy of lhis query and your rasponse will be released to the market, so your response should be in a suitable torm and separalely address each of the questions asked. tf you have any queries or concerns, please contact me immediately.
Listing rule 3.1
Usting rute 3.1 requires an enlity to give ASX immediately any inlormation concerning it that a reasonable person would expeclto have a materia! effect on the price or value allhe entity's securltles. The exceptions to this requirement are set out in listing rule 3.1A.
In responding to this letter you shoutd consult listing rule 3.1 and Guidance Note 8- Continuous Disclosure: listing rule
3.1.
Ilthe information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligatton is to disctose the information immediatety.
Your responsibility under listing rule 3.1 is not confined to, or neoessarily satislied by, answering the questions set out in this tetter.
Trading halt
lf you are unable te respond by lhe lime requested, or ilthe answer to question 1 is yes and an announcement cannot be made immediately, you should conslder a request far a trading hallin the Company's seculities. As set out in listing rule 17.1 and Guidanoe Note 16- Trading Halts, we may grant a trading hall at your request. We may require t e request to be in writing. We are noirequired to act on your request. You must teti us each ofthe following:
• the reasons for lhe trading hall;
• how long you want the trading halt to tast;
• f!1e event you expect to happen that will end the trading halt:
• that you are not aware alany reason why the tradlng halt should not be granted; and
• any other information neoessary to inform the market about lhe trading hall, or that we ask far.
The trading hallcanna! extend pasllhe oommencement of norma! trading on the seoond day alter the day on which it is granted. lf a trading halt ls requested and granted and you are stili unable to reply to this letler belare the commencement of trading, suspenslon from quotation would normally be imposed by us !rom the oommenoement ol trading if not previously requested by you. The same applies if you have requested a trading halt because you are unable to release information lo the market, and are stili unable to do so before the oommenoement oftrading.
lf you have any queries regarding any of the above, please do no!hesitate to contacime. Yours sinoerely
[sent e/ectronicaliy wlthout signarure[
Wade Baggott
Senior Adviser, Listings Compliance !Perthl
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