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Change of Registered Office

14th Apr 2008 07:00

14th April 2008

SUBJECT: CHANGE OF OFFICE ADDRESS

Please note the following:

Effective from 11th April 2008 our new address will be:

Level 2 [in lieu of level 3], 50 Kings Park Road, West Perth 6005

Our Street Address, PO Box & Communication details will remain the same: PO BOX 588, West Perth WA 6872

Telephone: (08) 9485 3200 Facsimile: (08) 9485 3290 Email: [email protected] Yours sincerely,B. H. McCarthyManaging Director

For further information, please contact:

Ray Barnes Technical Director, Oilex Ltd Tel. +61 8 9226 5577 (Western Australia)

Archie Berens Director, Pelham Public Relations Tel. +44 20 7743 6679 (United Kingdom)

The information in this report has been compiled by the Managing Director of Oilex Ltd, Bruce McCarthy B.Sc. Hons. PhD (Geology) who has over 28 years experience in petroleum geology and Ray Barnes, B.Sc. Hons. the Technical Director of Oilex Ltd who has over 35 years experience in petroleum geology and is a member of the AAPG and EAEG. Estimates of oil-in-place are reported in accordance with the standard definitions set out by the Society of Petroleum Engineers, further information on which is available at www.spe.org.

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