Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Oilex Ltd (OEX)

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Tuesday 15 June, 2010

Oilex Ltd

RELINQUISHMENT OF OMAN BLOCK 56


15 June 2010


RELINQUISHMENT OF OMAN BLOCK 56

Oilex Ltd (ASX/AIM: OEX) advises that the Joint Venture covering onshore Block
56 in Oman (Oilex 25% interest and operator) has given notice of its intention
to relinquish the entire Block 56 Contract Area following discussions with the
Oman Ministry of Oil and Gas (MOG).

The decision to relinquish Block 56, which has been made in accordance with the
Exploration and Production Sharing Agreement (EPSA), follows a detailed review
of the prospectivity of the Block following exploration activities conducted
over the past four years.

On behalf of the Block 56 Joint Venture, Oilex Oman Limited (as Operator) will
proceed to close down Joint Venture activities to the mutual satisfaction of
the MOG and the Joint Venture at the earliest reasonable date. The Joint
Venture appreciates the cooperation of the MOG that has been extended in this
regard.

The amount the Joint Venture has incurred on exploration and appraisal
activities to date is in excess of the amount required to be expended under the
EPSA.

The decision to relinquish Block 56 is consistent with Oilex's increasing focus
on its onshore assets in India, its offshore exploration acreage in the North
West Shelf of Western Australia and new ventures opportunities in India and
South East Asia.

Background

Block 56 is located onshore in South Oman. The Government of the Sultanate of
Oman awarded the block to the Joint Venture in 2006 with the EPSA signed on 28
June of that year.

Three small discoveries were made in Block 56 arising out of the subsequent
work program that was completed (Sarha-1, Ghadaq-1, Al Jumd-1). The Joint
Venture has determined that those discoveries are not commercial to develop
under the terms of the EPSA due to their small field size or heavy oil
characteristics.

In recent months the Joint Venture has closely reviewed the remaining
prospectivity of Block 56. The Joint Venture has determined that the
exploration plays have been adequately tested and that further exploration
activities are not commercially justified on the basis of prospect size and
likely oil type. As a result the Joint Venture has determined to notify the MOG
of their intention to voluntarily relinquish Block 56.

The participating interests in Block 56 are as follows:

Joint Venture Party                                    Participating Interest  
                                                                               
Oilex Oman Ltd (Operator)                                       25%            
                                                                               
Videocon Industries Limited                                     25%            
                                                                               
GAIL (India) Limited                                            25%            
                                                                               
Bharat Petroleum Corporation Limited                           12.5%           
                                                                               
Hindustan Petroleum Corporation Limited                        12.5%           


B. H. McCarthy

Managing Director

For further information, please contact:

Ray Barnes Technical Director, Oilex Ltd Tel. +61 8 9485 3200 (Western
Australia)

Archie Berens Director Pelham Public Relations Tel. +44 20 7337 1509 (United
Kingdom)

The information in this report has been compiled by the Managing Director of
Oilex Ltd, Bruce McCarthy B.Sc. (Hons) PhD (Geology) who has over 30 years
experience in petroleum geology. The estimates of hydrocarbons in place were
reviewed by Ray Barnes B.Sc. (Hons), the Technical Director of Oilex Ltd who
has over 37 years experience in petroleum geology and is a member of the AAPG.
Mr Barnes reviewed this announcement and consents to the inclusion of the
estimated hydrocarbons in place in the form and context in which they appear.
The resource estimates contained in this report are in accordance with the
standard definitions set out by the Society of Petroleum Engineers, Petroleum
Resources Management System, 2007.

.

Oilex's nominated advisor in relation to the AIM market is RFC Corporate
Finance Ltd, contact: Stuart Laing, stuartl@rfc.com.au

                                                                               
                              ABN 50 078 652 632                               

Level 2, 50 Kings Park Road West Perth WA 6005 Australia, PO Box 588 West Perth
                               WA 6872 Australia                               

           Telephone: (+61 8) 9485 3200 Facsimile: (+61 8) 9485 3290           

                Email: oilex@oilex.com.au Web: www.oilex.com.au