23/11/2004 - 21:00

Oilex NL - 17-Nov-04

23/11/2004 - 21:00

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Oilex NL - 17-Nov-04

In principle agreement with Hartleys has been reached for the placement of up to 14,457,832 shares at 83 cents to raise $12M.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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