Onyx Spot Oil Regulatory News (OIL)

26 Mar 2007 08:47

Oilexco Inc26 March 2007 26 March 2007 Oilexco Incorporated (the "Company"): Directors share dealings The Company has not announced through the UK news service certain dealings bydirectors in the common stock of the Company since its admission to AIM inDecember 2003. Set out below are details of the directors' interests in commonshares as at admission and the directors' current interests. For further detailson individual dealings by each director since admission, please see www.sedi.ca,the Canadian regulatory website for directors dealings, or the Company's websiteat www.oilexco.com where a summary of the SEDI information to March 23 2007 isdownloadable. Interests as at Admission The following table shows the number of common shares and options over commonshares held by the directors of the Company as at the date of admission (being23 December 2003): Director Immediately following Admissionname Number of common shares (held directly Number of options over or indirectly) common shares Arthur S.Millholland 831,500 885,000 Brian L. 0 409,000Ward D.B. (Don)Copeland1 25,000 225,000 John F. 20,000 225,000Cowan W. FraserGrant 205,000 257,500 Current Interests The following table shows the number of common shares and options over commonshares currently held by the directors of the Company: Director As at 23 March 2007name Number of common shares (held directly Number of options over or indirectly) common shares Arthur S.Millholland 931,500 4,660,000 Brian L. 100,000 1,906,000Ward John F. 20,000 729,000Cowan W. FraserGrant 335,000 905,000 Kevin A.Burke2 390,000 600,000 William H.Smith 3 66,000 600,000 1D.B (Don) Copeland 16th August, 2005 resigned from the Board of Directors 2Kevin Burke 16th August, 2005 appointed to the Board of Directors 3William H Smith 16th August, 2005 appointed to the Board of Directors FOR FURTHER INFORMATION PLEASE CONTACT: Oilexco IncorporatedArthur S. MillhollandPresident(403) 262-5441 OR Oilexco IncorporatedBrian L. WardChief Financial Officer(403) 262-5441 OR Canaccord Adams LimitedClayton BushVice-President+44 20 7050 6743 OR Canaccord Adams LimitedAdam A. JanikowskiAssociate+44 20 7050 6746 This information is provided by RNS The company news service from the London Stock Exchange