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UPDATE: Oilex Shares Restored Following Adjournment Of Indian Case (ALLISS)

Tue, 04th Sep 2018 12:59

LONDON (Alliance News) - Oilex Ltd said on Tuesday its shares have been restored to trading on the AIM market following the court's decision to adjourn the matter at Gujarat State Petroleum Corp's request until September 19.

Oilex shares have resumed trading down 1.6% at 0.22 pence on Tuesday.

At the end of July, Oilex said it had requested the director general of Hydrocarbons and the Ministry of Petroleum & Natural Gas to transfer GSPC's interest in the Cambay production sharing contract to Oilex.

The request was made in accordance with the joint operating agreement following GSPC's failure to remedy an event of default notice within the 60-day period, resulting from the business not paying its interest share of Cambay PSC expenses, according to Oilex.

In mid-August, GSPC served an order from the High Court directing Oilex to not take any coercive steps against GSPC until Tuesday.

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14 Sep 2020 17:21

UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

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7 Aug 2020 10:48

IN BRIEF: Oilex Settles Arbitration With East Timor Government Body

IN BRIEF: Oilex Settles Arbitration With East Timor Government Body

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7 Aug 2020 08:22

Oilex settles dispute with East Timor petroleum authority

(Sharecast News) - Oilex announced on Friday that it has executed a deed of settlement and release with the Autoridade Nacional Do Petróleo E Minerais (ANPM) in East Timor, to terminate the ongoing arbitration proceedings arising from the termination of the production sharing contract by the ANPM in 2015, and settle all claims and counterclaims between the parties.

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27 Jul 2020 15:31

Oilex makes 'substantial progress' towards restarting at Pendalian

(Sharecast News) - Oilex said on Monday that "substantial progress" has been made towards its objective to regain a participating interest in the West Kampar production sharing contract (PSC) in Indonesia.

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27 Jul 2020 15:02

IN BRIEF: Oilex Takes Step Closer Towards West Kampar PSC Interest

IN BRIEF: Oilex Takes Step Closer Towards West Kampar PSC Interest

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29 Jun 2020 17:45

IN BRIEF: Oilex Progressing With Bhandut Sale In India

IN BRIEF: Oilex Progressing With Bhandut Sale In India

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29 Jun 2020 14:20

Oilex makes progress with Bhandut sale

(Sharecast News) - Oilex announced on Monday that the sale of its 40% participating interest in the Bhandut production sharing contract (PSC) has "substantially" progressed.

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15 Jun 2020 17:23

IN BRIEF: Oilex Agrees To Sell Cooper-Eromanga Assets To Armour

IN BRIEF: Oilex Agrees To Sell Cooper-Eromanga Assets To Armour

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5 Jun 2020 15:45

UK TRADING UPDATE SUMMARY: GYG Gets Yacht Contracts Worth EUR6 Million

UK TRADING UPDATE SUMMARY: GYG Gets Yacht Contracts Worth EUR6 Million

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1 Jun 2020 13:52

Oilex Extends Deadline For Cooper-Eromanga Assets Sale To Friday

Oilex Extends Deadline For Cooper-Eromanga Assets Sale To Friday

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27 May 2020 17:11

Oilex To Sell Australian Copper Assets To Armour Energy

Oilex To Sell Australian Copper Assets To Armour Energy

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5 May 2020 11:50

UK EXECUTIVE CHANGE SUMMARY: Sigma Capital Taps Former Countryside CEO

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28 Apr 2020 09:46

Oilex deal with Doriemus falls through

(Sharecast News) - Oilex told shareholders on Tuesday that an agreement with Doriemus to reach an alternative agreement over the proposed purchase of Oilex's interests in the Cooper Basin by Doriemus has not been reached.

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3 Apr 2020 11:24

Oilex Secures Extension For Acquisition Of Cooper-Eromanga Licences

Oilex Secures Extension For Acquisition Of Cooper-Eromanga Licences

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