Quarterly Report to Shareholders 30 September 2012
Oilex has taken significant steps forward in its strategy of transitioning from conventional oil and gas
explorer to an early mover unconventional energy producer, focused on projects with world-class tight
reservoir potential. Implementing this strategy by utilising proven technology developed for tight/shale
and unconventional reservoirs in North America, the Company has completed its first stage objective
of securing the services of additional key personnel to form a strong technical team to complement
the existing expertise.