9th Dec 2008 07:00
8 December 2008Company Announcement OfficeASX Limited10th Floor, 20 Bond StreetSydney NSW 2000Dear Sir,APPENDIX 3B
We attach hereto an Appendix 3B detailing the cancellation of 1,000,100 unlisted options exercisable @ 50 cents by 7/12/2008.
Oilex Ltd hereby advises that it has today provided a copy of the attached letter to each of the Independence Oil & Gas Limited option holders.
We also attach hereto an Appendix 3Y detailing the cancellation of 23,871 unlisted options included in the 1,000,100 options cancelled as per above.
Please also note that the following performance rights have been cancelled:
2006 Performance Rights20,000 Tranche 220,000 Tranche 32007 Performance Rights15,000 Tranche 1
For and on behalf of Oilex Ltd
Max CozijnCompany Secretarycc: Directors - BMc/RB/LLB8 December 2008Dear Option Holder
Re: Oilex Ltd 50 cent options expiring 7 December 2008
As you are aware, in 2005 Oilex Ltd (formerly Oilex NL) granted to you options, with an exercise price of $0.50 each, expiring on 7 December 2008.
You will also be aware that one of the conditions in the option certificate that needed to be satisfied to entitle you to exercise the options was for Independence Oil & Gas Limited (IOGL) to have acquired an interest in an onshore petroleum permit issued by the Government of Timor-Leste prior to the expiry date.
To date no onshore petroleum permit has been offered for public bidding by the Government of the Republic of Timor-Leste, nor awarded to any entity (including IOGL).
The condition referred to above has therefore not been met prior to the expiry date of your options and your options therefore lapsed on 7 December 2008.
I thank you for your support of the company.
Yours sincerely,Max CozijnCompany Secretary Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.Name of entity OILEX LTD ABN 50 078 652 632
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be issued 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering +securities into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 132,254,885 Ordinary Shares +securities quoted on ASX (including the securities in clause 2 if applicable) Number +Class 9 Number and +class of all 500,000 $1.00 Options due 31/12/2009 +securities not quoted on ASX (including the 3,000,000 $1.50 Options due 31/12/2009 securities in clause 2 if applicable) 2,000,000 $0.40 Options due 14/12/2008 3,000,000 $0.50 Options due 14/12/2008 4,250,000 $0.80 Options due 14/12/2009 1,000,000 $0.50 Options due 16/02/2009 4,500,000 $0.50 Options due 31/03/2010 775,000 $0.50 Options due 31/07/2009 775,000 $0.65 Options due 31/07/2009 775,000 $0.90 Options due 31/07/2010 500,000 $1.50 Options due 31/10/2009 500,000 $1.75 Options due 31/10/2009 500,000 $2.00 Options due 31/10/2010 500,000 $1.40 Options due 31/01/2010 450,000 $2.00 Options due 31/01/2010 450,000 $2.50 Options due 31/01/2011 2,500,000 $2.00 Options due 31/03/2011 300,000 $1.75 Options due 31/03/2010 300,000 $2.25 Options due 31/03/2011 300,000 $2.75 Options due 31/03/2012 500,000 $1.57 Options due 30/09/2011 350,000 $1.60 Options due 30/04/2010 350,000 $2.10 Options due 30/04/2010 350,000 $2.70 Options due 30/04/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 900,000 $1.75 Options due 30/06/2011 900,000 $2.25 Options due 30/06/2011 900,000 $2.75 Options due 30/06/2012 2006 Performance Rights 60,000 Tranche 1 expire 1/07/2011 234,000 Tranche 2 expire 1/07/2011 229,000 Tranche 3 expire 1/07/2011 2007 Performance Rights 128,000 Tranche 1 expire 1/07/2012 128,000 Tranche 2 expire 1/07/2012 128,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 89,000 Tranche 1 expire 1/07/2013 40,000 Tranche 2 expire 1/07/2013 41,000 Tranche 3 expire 1/07/2013 10 Dividend policy (in the N/A case of a trust, distribution policy) on the increased capital (interests)
+ See chapter 19 for defined terms.
Part 2 - Bonus issue or pro rata issue [Item 11 to 33 - Not Applicable]
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation ofsecurities34 Type of securities (tick one) (a) Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a) [Items 35 to 42 - Not Applicable]
Additional securities forming a new class of securities
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
¢â‚¬¢ The issue of the +securities to be quoted complies with the law and is not
for an illegal purpose.
¢â‚¬¢ There is no reason why those +securities should not be granted +quotation.
¢â‚¬¢ An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
¢â‚¬¢ Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
¢â‚¬¢ We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.
¢â‚¬¢ If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action or expense arising from or connected with any breach of the
warranties in this agreement.
4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.
Sign here: ...... Date: ....8 December 2008 (Director/Company Secretary)
Print name: .........M.D.J. Cozijn....................
Rule 3.19A.2 Appendix 3Y Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity OILEX LTD ABN 50 078 652 632 We (the entity) give ASX the following information under listing rule 3.19A.2and as agent for the director for the purposes of section 205G of theCorporations Act.Name of Director Raymond George Barnes Date of last notice 30/11/07
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) ofthe definition of "notifiable interest of a director" should be disclosed inthis part.Direct or indirect interest (A) Direct (B) Indirect Nature of indirect interest (A) Ad Valorem Resource Consulting Pty Ltd(including registered holder) (B) Raymond George Barnes Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 08/12/08 No. of securities held prior to change (A) 600,000 Ordinary Shares (B) 23,871 Ordinary Shares (B) 23,871 Options @ $0.50 (B) 6,000,000 Unlisted Options $0.40, $0.50 $0.80, $2.00 & $2.50 Class Unlisted Options Number acquired Nil Number disposed (B) 23,871 Options @ $0.50 Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change (A) 600,000 Ordinary Shares (B) 23,871 Ordinary Shares (B) 1,000,000 Options @ $0.40 expire 14/12/2008 (B) 1,000,000 Options @ $0.50 expire 14/12/2008 (B) 1,000,000 Options @ $0.80 expire 14/12/2009 (B) 1,500,000 Options @ $2.00 expire 01/07/2011 (B) 1,500,000 Options @ $2.50 expire 01/07/2011 Nature of change Cancellation of expired options Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) ofthe definition of "notifiable interest of a director" should be disclosed inthis part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change 8 Dec 2008
+ See chapter 19 for defined terms.
vendorRelated Shares:
OEX.L