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Oilex Ltd Boardroom Radio Broadcast

16th Jan 2009 07:00

16 January 2009

SUBJECT: OILEX LTD BOARDROOM RADIO BROADCAST

OILEX LTD (OEX) provides the opportunity to listen to an audio broadcast with Mr Bruce McCarthy, Managing Director in a presentation titled "OEX - Oman Drilling Campaign - Summary Results - Mr Bruce McCarthy, Managing Director".

To listen, simply click on the link below:

http://www.brr.com.au/event/54752

Yours sincerely,B. H. McCarthyManaging 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 7743 6679 (United Kingdom)

RFC Corporate Finance Ltd acts as Oilex's Nominated Adviser, contact Stuart Laing +618 9480 2506

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 29years 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 & EAGE. Estimates ofoil-in-place arereported in accordance with the standard definitions set out by the Society of Petroleum Engineers, further information on which and a glossary of terms used in the oil and gas industryis available at www.spe.org.

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