Update on High Court Legal Proceedings

Further to the announcement made yesterday in relation to Oilex Ltd (Company) appearing in the High Court of Gujarat, India (the Court), the Company announces that the Court completed the hearing of final arguments late yesterday (Indian Local Time).

Trading in the Company's shares will remain suspended on AIM today, pending a further announcement following today’s hearing in the Court.  As today’s hearing will occur after the close of trading on the ASX, the Company has not sought a trading halt on the ASX. 

The Ex Parte Stay Order, which was originally put in place on 9 August 2018, will automatically expire after 5 November 2018.

Update on High Court Legal Proceedings