Ann: Oilex Investor Presentation June 2016-OEX.AX, page-6

"Silence is not golden"

This is an example of a regular operational monthly reports that we should anticipate from a responsible company involved in exploration and production:

1) Cambay 77h is continuing to produce (x amount) of gas on an intermittent basis due to lack of demand for the low pressure product.
2) Bhandut is producing (X amount) into the HP market.
3) Sensitive negotiations with regards to outstanding monies and future progress of ongoing exploration with our JV partner are currently progressing.

We are optimistic that reports in the coming months will hopefully clarify the current impasse.

Yours sincerely ....

Instead we are simply treated like mushrooms, further eroding any confidence that remains here