16th Feb 2006 07:53
ASX, AIM and Media release: 16 February 2006 OILEX NL Commences Trading on AIM AIM & ASX CODE: "OEX"Oilex NL ("Oilex") is pleased to advise that its ordinary shares have todaybeen admitted to trading on the AIM market of the London Stock Exchange. Oilexshares will also continue to be listed on the Australian Stock Exchange("ASX").As previously announced, the dual-listing on AIM was undertaken in order toattract additional offshore investors and provide added capital raisingflexibility and liquidity to Oilex's UK and European based shareholders. RFCCorporate Finance Ltd is acting as Oilex's nominated advisor and KBC Peel HuntLtd is acting as Oilex's broker in relation to the AIM listing.Oilex is focused on developing a strong position in the highly prospectivehydrocarbon producing basins of the Indian sub-continent. Through theexperience of Dr McCarthy (Managing Director) and his collegues in India, Oilexis developing strong alliances with Indian companies and working closely withGovernment authorities, with the clear objective of building a portfolio ofexploration and production interests in India, that will provide a platform forhigh-potential growth.Oilex is receiving increasing interest from UK and European based investors asit progresses its strategy to build its oil and gas business in India,Australia and the Indian Ocean rim. The AIM listing will help attract andfacilitate investment in Oilex by these investors.Share price and trading details may be checked at www.asx.com.au (for ASXtrading) and www.londonstockexchange.com (for AIM trading).Further information, including information on how to transfer shareholdingsbetween the ASX and AIM markets, may be found in Oilex's AIM Pre AdmissionAnnouncement and Appendix that were attached to the announcement made on 18January 2006 and are also available on Oilex's website - www.oilex.com.au.For more informationcontact;Jonathan Marren/Tony Alves Bruce McCarthy (MD)KBC Peel Hunt Ltd Oilex NLTel: +44 (0)20 7418 8900 Tel: +61 (0) 8 9226 5577Mobile:+61 (0) 438 229 337 OEX-S40-01-01 160206 AIM Listing 16 Feb 06.docLevel 3, 50 Kings Park Road West Perth Western Australia 6005 P.O. Box 588 West Perth Western Australia 6872 Telephone (61 8) 9226 5577 Facsimile (61 8) 9226 2108 email: [email protected] www.oilex.com.au ENDOILEX NLRelated Shares:
OEX.L