Oilex Limited (ASX:OEX, LON:OEX) is heading to market with a capital raising.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Recently the company confirmed the start of gas sales from the Cambay field in India.
The halt will last until the opening of trade on Friday 3rd July 2015, or earlier if an announcement is made to the market.