Oilex Limited

Asian Activities Report for May 2, 2011 includes: East Energy Resources Limited (ASX:EER) announced a maiden JORC Indicated Resource of 469 million tonnes of thermal coal at its Blackall Coal Project in Central Queensland; Oilex Limited (ASX:OEX) advises that the La Rocca-1 well on the WA-388-P permit offshore Western Australia was spudded on 30 April 2011; PT ANTAM (Persero) Tbk (ASX:ATM) reported strong corporate results for the first quarter of 2011; Bioniche Life Sciences Inc. (TSE:BNC) (ASX:BNC) opened its new Animal Health and Food Safety Vaccine Manufacturing Centre in Canada.

Yesterday the Australian share market closed in the black yesterday after stronger commodity prices bolstered resource stocks and countered a negative lead from Wall Street, although gains were capped by weakness in the banking sector towards the end of trade.

Oilex Limited (ASX:OEX)(PINK:OIEXF) advises that preliminary results from the first drillstem test at the level of the basal sand secondary objective in the Cambay-19Z appraisal well are available.

Oilex Nl (ASX: OEX) - Excellence in Upstream Energy - Mr Bruce McCarthy, MD; Boardroomradio is pleased to announce that Oilex Nl (ASX: OEX) has published an audio file.