Oilexco Receives CCAA Extension


 
TIDMOIL 
 
Oilexco Receives CCAA Extension 
FOR:  OILEXCO INCORPORATED 
 
TSX VENTURE, LSE SYMBOL:  OIL 
 
April 29, 2009 
 
Oilexco Receives CCAA Extension 
 
CALGARY, ALBERTA--(Marketwire - April 29, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") 
(TSX VENTURE:OIL)(LSE:OIL) advises that it received an extension of the court order for protection 
under the Companies' Creditors Arrangement Act (Canada). The new order will now expire May 29, 2009. 
The order permits Oilexco (including its wholly-owned Alberta subsidiary Oilexco Technical Services 
Inc.) to remain in possession and control of its property as it continues to restructure. 
 
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. On 
February 5, 2009, the Company obtained a court order for protection under the Companies' Creditors 
Arrangement Act (Canada). 
 
 
 
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 
 
 
 
OILEXCO INCORPORATED

Oilexco (LSE:OIL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024