Should provide some excitement to the GOG shareprice earlier to...

Should provide some excitement to the GOG shareprice earlier to drilling.....


18 November 2004
Centralised Company Announcement Office
Australian Stock Exchange Limited
10 th Floor, 20 Bond Street
Sydney, NSW 2000
Dear Sir,
RE: PLACEMENT TO RAISE UP TO $12 MILLION
Oilex NL (“Oilex”) has pleasure in advising that it has today reached in-principle agreement
with Hartleys Limited to place up to 14,457,832 shares at 83 cents per share to raise
approximately $12 million.
David Archibald, Managing Director of Oilex stated, “We are delighted with the overwhelming
support offered to the Company to fund further development of the Rookwood Oil Field and
the EPP 27 farm-in agreement with Great Artesian Oil and Gas Limited. Oilex is entering a
very exciting phase in its development with production and development drilling in the
Rookwood Oil Field, and the future drilling of EPP 27.”
A Prospectus has been lodged with ASIC today, and a copy is attached in addition to a
related Appendix 3B.
The Company also requests that the ASX lift the Trading Halt as from commencement of
trading on Friday 19 November 2004.

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