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Message: FSA Temporarily Suspends Oilexco Listing on LSE

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FSA Temporarily Suspends Oilexco Listing on LSE

posted on May 07, 09 07:54AM

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".

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