OILEXCO INCORPORATED
TSX VENTURE : OIL
AIM : OIL

OILEXCO INCORPORATED

June 28, 2005 13:08 ET

Oilexco to Begin Trading on Toronto Stock Exchange

CALGARY, CANADA--(CCNMatthews - June 28, 2005) - Oilexco Incorporated ("Oilexco" or the "Company") (TSX VENTURE:OIL) (AIM:OIL) is pleased to announce the Company's Common Shares and Common Share Purchase Warrants will be listed and commence trading on the Toronto Stock Exchange at the opening on Wednesday, June 29, 2005, under the symbols "OIL" and "OIL.WT".

Oilexco also advises that after Tuesday, June 28, 2005 there will be no further trading of the Company's Common Shares and Common Share Purchase Warrants on the TSX Venture Exchange, and that these shares and warrants will be delisted from the TSX Venture Exchange at the commencement of their trading on the Toronto Stock Exchange.

Oilexco is listed on the Alternative Investment Market of the London Stock Exchange plc ("LSE-AIM") and the TSX Venture Exchange ("TSX-V"), trading under the symbol OIL.

Forward Looking Statements

This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the impact of general economic conditions in the areas in which the Company 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 estimates 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, production and development timetables, costs to complete wells and field development. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Oilexco Incorporated
    Arthur S. Millholland
    President
    (403) 262-5441
    or
    Oilexco Incorporated
    Brian L. Ward
    Chief Financial Officer
    (403) 262-5441
    or
    Oilexco Incorporated
    Gerry L. Roe
    Chief Operating Officer
    (403) 262-5441
    Website: www.oilexco.com