March 16 (Reuters) - Oilex Ltd OEX.AX :
* ANNOUNCES BUSINESS AND FINANCIAL RESTRUCTURE
* ENTERED AMENDMENT AGREEMENT TO VARY TERMS OF ITS LOAN FUNDING FACILITY OF A$250,000 ENTERED INTO ON 11 SEPT 2018
* UNDERTAKEN NUMBER OF STEPS TO RESPOND TO CHALLENGING TRADING CONDITIONS IN UPSTREAM OIL AND GAS SECTOR ALONG WITH VOLATILE CAPITAL MARKETS
* STEPS FOCUSSED ON BOLSTERING CO'S BALANCE SHEET THROUGH CURTAILING CASH COMMITMENTS, DEFERRING DEBT OBLIGATIONS AND INCREASING CASH ON HAND