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16 Jul 2015 07:23
ASX Announcement
16 July 2015
ASX: OEX
AIM: OEX
JPDA 06-103 Joint Venture
Further to the Announcement of 14 May 2015, Oilex Ltd ("Oilex"), in its capacity as Operator, on behalf of the Joint Venture Participants in the Joint Petroleum Development Area ("JPDA") 06-103 Production Sharing Contract ("PSC") has received a Notice of Termination and Demand for Payment ("Notice") from the Autoridade Nacional do Petroleo ("ANP").
The Notice accords with details set out in the previous Announcement.
The parties continue to discuss the financial liability of the Contractor upon termination.
For and on behalf of Oilex Ltd
Ron Miller
Managing Director
For further information, please contact the company or its advisors listed below:
PAC Partners Pty Ltd Australian Broker Andrew Shearer Email: ashearer@pacpartners.com.au Tel: +61 3 8633 9862 Australia | Westhouse Securities Limited AIM Broker Robert Finlay / Alastair Stratton Email: alastair.stratton@westhousesecurities.com Tel: +44 20 7601 6100 UK
| Strand Hanson Limited Nominated Adviser Rory Murphy /Ritchie Balmer Email: oilex@strandhanson.co.uk Tel: +44 20 7409 3494 UK
| Vigo Communications Public Relations UK Patrick d'Ancona / Chris McMahon Email:patrick.dancona@vigocomms.com chris.mcmahon@vigocomms.com Tel: +44 20 7016 9570 UK |
OEX.L (OEX)
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