Oilexco announces drilling results for Palomino property

Oilexco Incorporated has announced that drilling results for its Palomino prospect located in Block 21/6a, UK Central North Sea, indicate that there are no commercial quantities of hydrocarbons from the well 21/6-7. Oilexco paid 84.21% of the 21/6-7 well, for a 50% interest in the Palomino project. The well is currently being plugged and abandoned.