Magna Cambay Transaction Update

Oilex  Ltd  (ASX:  OEX,  AIM:  OEX.  “Oilex”),  refers  to  its  announcement  of  9  August 2013 (Announcement) in relation to its agreement (Sale Agreement) with Magna Energy Limited (Magna) whereby Oilex has agreed to sell up to a 15% participating interest in the Cambay Production  Sharing  Contract  (Participating  Interest)  incorporating  its  Tight Hydrocarbon Project in Gujarat, India.

Magna Cambay Transaction Update