OIL Oilexco

 
TIDMOIL 
 
Oilexco Files Eighth Default Status Report 
 
FOR:  OILEXCO INCORPORATED 
 
TSX VENTURE SYMBOL:  OIL 
 
July 20, 2009 
 
Oilexco Files Eighth Default Status Report 
 
CALGARY, ALBERTA--(Marketwire - July 20, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX 
VENTURE:OIL) provides its eighth bi-weekly Default Status Report as per National Policy 12-203 - Cease Trade 
Orders For Continuous Disclosure Defaults. On March 30, 2009, Oilexco announced that it was delaying the filing 
of its 2008 annual financial statements, management's discussion and analysis, annual information form and 
related CEO and CFO certifications beyond the statutory deadline of March 31, 2009. The Company subsequently 
delayed the filing of its March 31, 2009 interim financial statements, management's discussion and analysis and 
related CEO and CFO certifications. 
 
Oilexco remains subject to an order under the Companies' Creditors Arrangement Act (Canada). Since the previous 
default status report issued July 6th, the Company developed a plan of re-organization that was presented to a 
number of its creditors, but was subsequently rejected. As such, the Company received a court order on July 
16th permitting it to liquidate its remaining assets and distribute the net proceeds to its creditors. The 
liquidation is expected to conclude by September 30, 2009. 
 
Oilexco intends to issue the next default status report on July 31, 2009 if the delayed filings are not made by 
that date. 
 
About the Company 
 
Oilexco shares are listed for trading on the TSX Venture Exchange (TSX-V) under the symbol "OIL". 
 
Forward Looking Statements 
 
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. Such 
statements involve substantial known and/or unknown risks and uncertainties, some of which may be beyond 
Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement 
Act (Canada). As such, caution should be exercised by the reader wherever forward looking statements are made. 
On January 7, 2009, Oilexco's then wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was subject to 
an order from the UK court appointing administrators. The assets held within ONSL comprised nearly all the 
assets held by the parent company, Oilexco Incorporated. On March 25, 2009, the Administrators announced that 
an agreement had been reached with an outside party to purchase ONSL and the purchase transaction closed on May 
21, 2009. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Oilexco Incorporated 
Arthur S. Millholland 
President 
(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. 
 
INDUSTRY:  Energy and Utilities-Oil and Gas 
SUBJECT:   STK 
 
 
 
 
OILEXCO INCORPORATED 
 

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