Nov 13 (Reuters) - Oilex Ltd OEX.AX :
* Zeta deferred settlement update and legal proceedings
* Says Zeta has failed to settle the subscription for the deferred shares
* Oilex is currently considering the content of documents
* Says the proceedings have not yet been formally served on Oilex
* Will be considering, together with its external legal counsel, the remedies
available to it arising out of Zeta's failure to settle
* Says Oilex has also been informed by Zeta that Zeta has commenced proceedings
against it in the Federal Court of Australia
* Source text for Eikon ID:nASX4hK78C