Oilexco Files Second Default Status Report


 
TIDMOIL 
 
Oilexco Files Second Default Status Report 
 
FOR:  OILEXCO INCORPORATED 
 
LSE, TSX VENTURE SYMBOL:  OIL 
 
April 27, 2009 
 
Oilexco Files Second Default Status Report 
 
CALGARY, ALBERTA--(Marketwire - April 27, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX 
VENTURE:OIL) (LSE:OIL) provides its second bi-weekly Default Status Report as per National Policy 12-203 - 
Cease Trade Orders For Continuous Disclosure Defaults. On March 30, 2009, the Company announced that the filing 
of its audited financial statements, management discussion and analysis, annual information form, and related 
CEO and CFO certifications for the year ending December 31, 2008 will be delayed beyond the statutory deadline 
of March 31, 2009. Since the previous announcement issued April 13th, the Company reports that no material 
changes have occurred. The Company continues to develop a re-organization plan. 
 
The existing court order that protects the Company under the Companies' Creditors Arrangement Act (Canada) 
("CCAA") is set to expire April 30, 2009. The Company intends to petition the court for an extension of this 
order. 
 
Oilexco Inc. intends to issue the next default status report on May 11, 2009 if the year end regulatory 
documents are not filed before this date. 
 
About the Company 
 
Oilexco shares are listed for trading on the London Stock Exchange (LSE) and the TSX Venture Exchange (TSX-V) 
under the symbol "OIL". 
 
Forward Looking Statements 
 
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks 
and uncertainties, certain of which are 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 
including the adoption of new environmental 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. In addition there are risks and uncertainties associated with oil and gas 
operations, therefore Oilexco's actual results, performance or achievement could differ materially from those 
expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, 
what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. 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. These statements include future 
production rates, completion and production timetables and costs to complete wells, and production facilities. 
These statements are based on assumptions made by Oilexco based on its experience perception of historical 
trends, current conditions, expected future developments and other factors it believes are appropriate in the 
circumstances. On January 7, 2009, Oilexco's wholly-owned subsidiary Oilexco North Sea Limited was subject to 
an order from the UK court appointing Administrators under the UK Insolvency Act. On February 5, 2009, the 
Company obtained 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 
 
INDUSTRY:  Energy and Utilities-Oil and Gas 
SUBJECT:   NWS 
 
 
 
 
OILEXCO INCORPORATED
Oilexco (LSE:OIL)
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