Temporary Suspension
07 Mayo 2009 - 10:30AM
UK Regulatory
TIDMOIL
Temporary Suspension
FOR: OILEXCO INCORPORATED
LSE, TSX VENTURE SYMBOL: OIL
May 7, 2009
FSA Temporarily Suspends Oilexco Listing on LSE
CALGARY, ALBERTA--(Marketwire - May 7, 2009) - Oilexco Inc. (TSX VENTURE:OIL) (LSE:OIL) ("Oilexco" or "the
Company") advises that the UK Financial Services Authority ("FSA") has temporarily suspended trading of
Oilexco's shares on the London Stock Exchange ("LSE") pending notification of the Company's results for the
financial period ending December 31, 2008.
On March 30, 2009, the Company advised that it was delaying the filing of its annual audited financial
statements, management's discussion and analysis ("MD&A"), the annual information form ("AIF"), the management
information circular and related CEO and CFO certifications beyond the Canadian statutory deadline of March 31,
2009. Oilexco will continue to provide updates every two weeks about material events relating to its
reorganization efforts until the Company is able to file its year end regulatory documents.
Oilexco's shares continue to trade on the TSX Venture Exchange in Canada and are fully fungible in both
markets.
About the Company
Oilexco shares are listed for trading on the TSX Venture Exchange (TSX-V) in Canada under the symbol "OIL".
Forward Looking Statements
All statements included in this press release that address activities, events or developments that Oilexco
expects, believes or anticipates will or may occur in the future are forward-looking statements. Such
statements involve substantial known and/or unknown risks and uncertainties, some of which may be beyond
Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement
Act (Canada), the impact of general economic conditions in the areas in which Oilexco operates, civil unrest,
industry conditions, changes in laws and regulations and changes in how they are interpreted and enforced,
increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity
prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of
regulatory authorities. As such, caution should be exercised by the reader wherever forward looking statements
are made. On January 7, 2009, Oilexco's wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was
subject to an order from the UK court appointing administrators. The assets held within ONSL comprised nearly
all the assets held by the parent company, Oilexco Inc. On March 25, 2009, the Administrators announced that an
agreement had been reached with an outside party to purchase ONSL. The Company is currently under a court order
for protection under the Companies' Creditors Arrangement Act (Canada).
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Oilexco Incorporated
Arthur S. Millholland
President
(403) 262-5441
OR
Oilexco Incorporated
Brian L. Ward
Chief Financial Officer
(403) 262-5441
OR
Oilexco Incorporated
Rob Elgie
Manager Investor Relations
(403) 262-5441
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
INDUSTRY: Energy and Utilities-Oil and Gas
SUBJECT: STK
OILEXCO INCORPORATED
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