OILXF (OILXF)

[Stock Amo]

http://www.oilexco.com/
Auditors
Deloitte & Touche LLP, Chartered Accountants, Calgary, Canada

Bankers
Royal Bank of Canada, Calgary, Canada
Canadian Western Bank, Calgary, Canada

Legal Counsel
Field Law LLP, Calgary, Canada
McCarthy Tetrault, Calgary, Canada / London, United Kingdom

Independent Reserves Auditor
Sproule Engineering, Calgary, Canada

Transfer Agent and Registrar
Computershare Trust Company of Canada, Calgary, Canada



Third Q report 2008 :
http://www.oilexco.com/upload/media_element/56/01/11-12-08-q3-report-oilexco.pdf

At September 30, 2008, the Company had unused Predevelopment Facility financing available in the amount of £30.0 million (approximately $53.4 million) which was utilized in full in October 2008, the proceeds to be used to finance the Company’s development activity during the fourth quarter.
As at September 30, 2008, the Company had 223,832,827 outstanding common shares, as well as 500,000 outstanding common share purchase warrants and 20,665,000 outstanding common share stock options. Assuming all warrants and stock options outstanding as at September 30, 2008 are exercised, the Company would realise gross proceeds of approximately $42.9 million.
12
As at September 30, 2008, the Company had cash of approximately $29.0 million, a net working deficit of approximately $224.9 million which includes the current portion of long term debt of $160.9 million and the current portion of derivative contracts in the amount of $30.6 million. Long-term debt amounted to $400.7 million as at September 30, 2008.