At the request of the Market Surveillance, on behalf of the Toronto Stock Exchange, Oilexco advises that it is not aware of any corporate developments that would be impacting the trading of its stock.

On Friday, January 23, 2009, the Company issued two statements in the UK containing the names of several Company insiders who had stock purchased on their behalf as part of the Company’s Employee Stock Purchase Program.

Such purchases are administered by an independent body and occur routinely at a pre-determined date once per month. The announcements of such stock purchases are also considered routine and in accordance with UK regulations.

Oilexco shares are listed for trading on the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) under the symbol “OIL”.

Tags: Oilexco