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OEX Market Update

15 Dec 2009 07:00

15 December 2009 OILEX LTD BROADCAST

OILEX LTD (OEX) provides the opportunity to listen to an audio broadcast with Dr Bruce McCarthy, MD in a presentation titled "OEX -Market Update- Dr Bruce McCarthy, Managing Director ".

To listen, simply click on the link on the Oilex Website.

The presentation details are as follows:

* OEX -Market Update - Dr Bruce McCarthy, Managing Director * Presented by Dr Bruce McCarthy, MD * Tues, 15 Dec 2009 11:00AM AEST Yours sincerely,B. H. McCarthyManaging Director

For further information, please contact:

Ray Barnes Technical Director, Oilex Ltd Tel. +61 8 9485 3200 (Western Australia)

Archie Berens Director Pelham Public Relations Tel. +44 20 7737 1509 (United Kingdom)

RFC Corporate Finance Ltd acts as Oilex's Nominated Adviser, contact Stuart Laing +618 9480 2506.

The information in this report has been compiled by the Managing Director of Oilex Ltd, Bruce McCarthy B.Sc. Hons. PhD (Geology) who has over 30years experience in petroleum geology and Ray Barnes, B.Sc. Hons. the Technical Director of Oilex Ltd who has over 37 years experience in petroleum geology and is a member of the AAPG & EAGE. Estimates of oil-in-place are reported in accordance with the standard definitions set out by the Society of Petroleum Engineers, further information on which and a glossary of terms used inthe oil and gas industryis available at www.spe.org.

- end- ABN 50 078 652 632

Level 2, 50 Kings Park Road West Perth WA 6005 Australia, PO Box 588 West Perth

WA 6872 Australia Telephone: (+61 8) 9485 3200 Facsimile: (+61 8) 9485 3290 Email: oilex@oilex.com.au Web: www.oilex.com.au

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