Sept 9 (Reuters) - Oilex Ltd OEX.AX :
* REACHED AGREEMENT WITH GUJARAT STATE PETROLEUM CORPORATION WHICH, UPON COMPLETION, WILL RESOLVE ONGOING CAMBAY PSC DISPUTE
* EVENT OF DEFAULT DECLARED BY OILEX PURSUANT TO CAMBAY FIELD JOINT OPERATING AGREEMENT HAS BEEN WITHDRAWN
* GSPC WILL TERMINATE ARBITRATION PROCEEDINGS WITH SINGAPORE INTERNATIONAL ARBITRATION CENTRE, REMOVE STAY ORDER GRANTED IN GUJARAT HIGH COURT