TIDMOEX

RNS Number : 5027J

Oilex Ltd

18 December 2015

ASX Announcement

18 December 2015

ASX: OEX

AIM: OEX

Zeta Legal Proceedings Update

Oilex has now filed its defence in the Federal Court proceedings initiated by Zeta Resources Limited (Zeta). Oilex has also filed a cross-claim against Zeta seeking orders of specific performance requiring Zeta to perform its obligations and complete the relevant share subscription and convertible note agreements (or otherwise pay damages to Oilex).

Oilex will proceed to strongly defend the action and prosecute its cross-claim against Zeta if no resolution is reached in the discussions which will now occur between the parties as announced in OEX's ASX release of 3 December 2015.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

For further information, please contact:

 
 Investor Enquiries           Nominated Adviser                  Media Enquires 
  Oilex Ltd                    Strand Hanson Limited              Vigo Communications 
  Ron Miller                   Nominated Adviser                  Public Relations UK 
  Managing Director            Rory Murphy /Ritchie               Patrick d'Ancona / 
  Email: oilex@oilex.com.au    Balmer                             Chris McMahon 
  Tel: +61 8 9485 3200         Email: oilex@strandhanson.co.uk    Email: patrick.dancona@vigocomms.com 
  Australia                    Tel: +44 20 7409 3494              chris.mcmahon@vigocomms.com 
                               UK                                 Tel: +44 20 7016 9570 
                                                                  UK

This information is provided by RNS

The company news service from the London Stock Exchange

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December 18, 2015 02:00 ET (07:00 GMT)

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