April 6 (Reuters) - Oilex Ltd OEX.AX :
* UPDATE ON CAMBAY SETTLEMENT-OEX.AX
* GSPC APPROVED SALE OF ITS 55% PARTICIPATING INTEREST IN CAMBAY PSC TO OILEX FOR US$2.2 MILLION
* POST TRANSACTION OILEX WILL HOLD A 100% PARTICIPATING INTEREST IN CAMBAY PSC