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IN BRIEF: Oilex Annual Loss Widens; Encounters Covid-19 Delays

Thu, 01st Oct 2020 14:25

Oilex Ltd - Australian oil and gas explorer - Pretax loss for year to June 30, widens to AUD4.5 million, around GBP2.5 million, from AUD3.1 million loss a year ago. No revenue generated in financial 2020 versus AUD188,220 recorded a year ago. Exploration expenditure jumps to AUD1.0 million from AUD491,675. Records AUD1.3 million exceptional cost versus no such charge in comparative period. Says Covid-19 and oil price collapse led to delays in spin-out of Cooper-Eromanga basin and to Cambay project in India. Continues to review business opportunities in high potential areas.

Current stock price: 0.07 pence

Year-to-date change: down 59%

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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1 Apr 2021 12:02

IN BRIEF: Oilex gets approval for 55% interest in Cambay purchase

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1 Apr 2021 10:34

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15 Mar 2021 10:15

IN BRIEF: Oilex swings to interim profit; restructures Series D loan

IN BRIEF: Oilex swings to interim profit; restructures Series D loan

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15 Mar 2021 09:21

Oilex extends repayment on series D facility, raises another £0.35m

(Sharecast News) - Oilex has entered into an amendment agreement to vary the repayment obligations for its series D loan funding facility of £0.23m, it announced on Monday.

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15 Feb 2021 11:10

AIM WINNERS & LOSERS: Live Co Falls After Two Board Departures

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15 Feb 2021 09:59

Oilex In Talks To Buy Partner's Cambay Stake; Trading Halted In Sydney

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1 Feb 2021 11:16

TRADING UPDATES: DX Group And BATM Expect To Beat Market Forecasts

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24 Dec 2020 12:23

Oilex extends loan repayment date to March

(Sharecast News) - Oilex has entered into an amendment agreement to vary the repayment obligations for its series C loan of £0.125m, it announced on Thursday.

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24 Dec 2020 10:28

Oilex Further Extends GBP125,000 Series C Loan Repayment Date

Oilex Further Extends GBP125,000 Series C Loan Repayment Date

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17 Dec 2020 16:29

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14 Dec 2020 20:40

IN BRIEF: Oilex To Acquire Doyle-Peel UK Licence From Burgate

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9 Dec 2020 16:00

UK Shareholder Meetings Calendar - Next 7 Days

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2 Nov 2020 16:25

IN BRIEF: Oilex Annual Loss Widens, Takes Cambay Impairment

IN BRIEF: Oilex Annual Loss Widens, Takes Cambay Impairment

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30 Oct 2020 19:07

UK TRADING UPDATE SUMMARY: Minds + Machines CEO And CFO Leave Posts

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15 Oct 2020 12:27

Oilex Gets Cooper-Eromanga Sale Over Line; Wants In On West Kampar

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