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Last A$0.07 AUD
Change Today 0.00 / 0.00%
Volume 104.7K
OEX On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 1:57 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

oilex ltd (OEX) Snapshot

Open
A$0.06
Previous Close
A$0.07
Day High
A$0.07
Day Low
A$0.06
52 Week High
07/25/14 - A$0.22
52 Week Low
02/11/15 - A$0.04
Market Cap
44.1M
Average Volume 10 Days
265.6K
EPS TTM
A$-0.0071
Shares Outstanding
677.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OILEX LTD (OEX)

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oilex ltd (OEX) Details

Oilex Ltd is engaged in the exploration, appraisal, development, production, and sale of oil and gas. The company holds interests in 8 licenses/permits covering an area of approximately 26,243 square kilometers in Australia, India, and Indonesia. Its flagship property includes the Cambay project covering 161 square kilometers located in Gujarat state. The company was incorporated in 1997 and is headquartered in Leederville, Australia.

Founded in 1997

oilex ltd (OEX) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: A$256.0K
Chief Geoscientist
Total Annual Compensation: A$302.8K
Compensation as of Fiscal Year 2014.

oilex ltd (OEX) Key Developments

Oilex Limited Submits a Request to the Autoridade Nacional do Petróleo (ANP) to Terminate the Production Sharing Contract by Mutual Agreement

Oilex Limited, 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), submitted a request to the Autoridade Nacional do Petróleo (ANP) to terminate the PSC by mutual agreement in accordance with its terms and without penalty or claim on 12th July, 2013 (Request to Terminate). The Request to Terminate followed Joint Venture concerns over the security of PSC tenure as a result of developments within the JPDA, including JPDA 06-103, which are outside of the control and influence of the Joint Venture Participants. These included the: existence of separate unilateral rights to terminate the Certain Maritime Arrangements in the Timor Sea Treaty (CMATS) arising in 2013 in favour of both the Government of Timor Leste and the Government of Australia; and formal arbitration proceedings being initiated by the Timor Leste Government against the Government of Australia to have the CMATS declared void ab initio. The ANP initially suspended the JPDA 06-103 PSC for 3 months on 15 January, 2014 to enable a response to the Request to Terminate to be determined, and the suspension period has been further extended through a series of successive 3 month extensions. The PSC is currently suspended until 15 July 2015. The ANP has now responded to the Joint Venture in a letter dated 11th May 2015 and advised that the Request to Terminate has been rejected. The ANP has further indicated their intention to serve notice to terminate under the terms of the PSC.

Oilex Ltd. Reports Consolidated Cash Flow Results for the Quarter Ended March 31, 2015

Oilex Ltd. reported consolidated cash flow results for the quarter ended March 31, 2015. For the quarter, the company reported negative net operating cash flows of AUD 2.650 million compared to AUD 10.095 million a year ago. Payments for purchase of fixed assets were of AUD 51,000 compared to AUD 82,000 a year ago.

Oilex Completes Cambay-73 Production Facilities

Oilex announced the completion of the Cambay-73 oil and gas production facilities on budget and ahead of schedule. The facilities are now ready for start-up and awaiting arrival of the low pressure gas pipeline to site. Construction of the pipeline has commenced and it is expected to be at site ready for connection to the production facilities during May 2015. This will enable final commissioning to be completed. Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay Field and is expected to produce approximately 50-60boepd of gas and condensate. The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil produced. Oilex has also started an assessment of nearby legacy wells which may be capable of being tied into the Cambay-73 facilities should they have surplus capacity. In conjunction with this, the Cambay Joint Venture will evaluate expanding supply to the local low pressure gas market as a method to increase production and cash flow with minimal investment. The scheduled commencement of gas sales into the Indian domestic market reinforces Oilex's strategic advantage gained from nearly a decade of experience in India and highlights the Company's ability to access infrastructure and successfully execute transactions.

 

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OEX

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Valuation OEX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 111.9x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 101.7x
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