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Investment Report - Hartleys

6th Aug 2010 07:01

6 August 2010

Dear Sir,

SUBJECT: INVESTMENT REPORT - HARTLEYS

Oilex Ltd advises that Hartleys Limited has released a research note which may be inspected on the Company's website.

Yours sincerely,Ben ClubeFinance Director

For further information, please contact:

Ray Barnes Technical Director, Oilex Ltd Tel. +61 8 9485 3200 (Western Australia)

Archie Berens Director, Pelham Public Relations Tel. +44 20 7337 1509 (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 30years experience in petroleum geology and Ray Barnes, B.Sc. Hons. The Technical Director of Oilex Ltd who has over 37years 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.

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