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Article archive for Oilexco;

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Oilexco enters administration 28 January 2009

Oilexco announced on December 31st 2008 that it intended to file for administration as soon as is reasonable practical due to the Royal Bank of Scotland not being prepared to advance any further funding. Like many smaller oil and gas explorers and producers, Oilexco struggled to find another source for finance to continue its drilling and development programme....