Mr Oily, this is the reasonDec 09, 2010 (PR Newswire Europe via...

Mr Oily, this is the reason

Dec 09, 2010 (PR Newswire Europe via COMTEX) --
9 December 2010
AIM Market
London Stock Exchange
10 Paternoster Square
London EC4M 7LS

Dear Sirs,

Oilex Ltd ("the Company") wishes to announce that trading in its ordinary shares on the Australian Securities Exchange ("ASX") has been halted pending an announcement in relation to completion of an equity financing. Such announcement is currently expected to be made within the next two days, after which trading in the Company's shares will resume on the ASX. The Company's shares will continue to trade on the AIM market during this period.

For further information, please contact:
Oilex Ltd +61 (0)8 9485 3200 (Western Australia)

source: http://www.tradingmarkets.com/news/stock-alert/atkef_oilex-ltd-australian-stock-exchange-trading-halt-1357510.html