Financial Report for the year ended 30 June 2013

Oilex continues its transition to becoming a leading “tight” oil and gas producer in India as well as acquiring some excellent exploration acreage in the Canning Basin of Western Australia. It remains focused on near term production from two existing wells in India, while preparing to drill the second horizontal multi-stage fracture stimulated well within the contract area for the Cambay PSC. Oilex continues to examine potential opportunities that fit its strategy of onshore unconventional assets.

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