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Oilex LD Ord NPV (OEX)

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31-Dec-2018 07:47 AM

Oilex gets cash from Gujarat State Petroleum

Oilex has announced that the Cambay JV has received INR20.5m, approximately US$0.29m in cash call proceeds. The payment from Gujarat State Petroleum Corporation incorporates all Cambay cash call notices subsequent to the Event of Default notice (EoD) ann
12-Sep-2018 01:33 PM

Oilex losses widen amid India JV dispute

Oil company Oilex booked a deeper annual loss, as exploration costs rose and it remained mired in a dispute with an Indian JV partner. Pre-tax losses for the year through June amounted to $4.2m, widening from $3.7m of red ink on-year. Oilex had moved to
24-Aug-2017 07:44 AM

Oilex says commercial gas flow rates 'potentially achievable' at Cambay

Oilex announced that the C-23z core analysis has been completed. The analysis, by Schlumberger and Baker Hughes confirmed that the EP-IV tight siltstones at Cambay can be effectively stimulated, and that commercial gas flow rates are potentially achievabl
15-Mar-2017 02:59 PM

Oilex secures funding for Cambay work programme

Oilex has agreed a capital raising, through the issue of 488,888,888 new ordinary shares, to secure funding of approximately £1.1m to support its Cambay PSC 2017 work programme. Cornhill Capital have arranged £1m from new investors in the UK
04-Jan-2017 04:14 PM

Oilex options cancelled

Oilex has cancelled 1.5 million unlisted options due to cessation of employment. These comprised: - 500,000 unlisted options with an exercise price of $0.25 and an expiry date of 27 June 2017 - 500,000 unlisted options with an exercise price of
13-Dec-2016 04:11 PM

Oilex to take additional stake in Cambay

Oilex Ltd has participated in a formal tender process submitting a conditional offer for an additional 55% interest in the Cambay PSC. Oilex has submitted the offer in response to a competitive bid process initiated by Gujarat State Petroleum Corporati
11-Feb-2016 07:48 AM

Oilex appoints Brad Lingo as independent director

Oilex has appointed Brad Lingo as an independent non-executive director. Story provided by
13-Nov-2015 01:05 PM

Oilex resumes trading on ASX

Oilex (OEX) has confirmed that the trading halt in the shares of the Company on the ASX ended this morning as a result of yesterday's announcement entitled "Funding - Zeta Deferred Settlement Update and Legal Proceedings". The Company has
11-Nov-2015 02:35 PM

Oilex provides funding update

Oilex (OEX) has provided an update on the deferred element of the previously announced capital raising, being the issue of shares and convertible notes to Zeta Resources. Per the update, Zeta has failed to settle the subscription for the Convertible Note
16-Mar-2015 01:43 PM

Oilex investor presentation

A copy of an Oilex investor presentation dated March 2015 can be viewed at: At 1:43pm: (LON:OEX) Oilex Ltd share price was +0.25p at 2.75p Story provided by
01-Dec-2014 07:44 AM

Oilex completes production test at Cambay-77H

Oilex Ltd confirms the completion of the Cambay-77H production test on 29 November 2014. The instrumentation deployed downhole to record pressure data for the duration of the test has been successfully recovered. The downloaded data has been sent to RISC
27-Oct-2014 01:49 PM

Oilex update on Cambay-77H

Oilex says Cambay-77H continues to recover water, light oil and gas on a steady flowing tubing head pressure (FTHP) of ~220 psi on a 24/64th inch choke. The relatively steady FTHP is interpreted to indicate that the well has reached its long term stable
21-Oct-2014 08:24 AM

New CFO at Oilex

Oilex (AIM: OEX) has appointed Chris Bath as chief financial officer (CFO) and company secretary. Consistent with company policy, Mr Bath will not be joining the Board at this time. He has significant experience in the energy and resource sectors in b
21-Jul-2014 10:30 AM

Oilex looks for high performance from Cambay well

Oilex (AIM: OEX) has announced that following successful mill-out operations the Cambay-77H well has begun controlled flow-back of frac fluids with light oil/condensate being recovered to surface and separated for sale along with associated reservoir gas.
14-Jul-2014 07:51 AM

Oilex completes plug milling at Cambay-77H

Oilex Ltd said that plug milling operations at Cambay-77H have been completed. Cambay-77H started unaided controlled flowback with gas observed at surface while successfully milling out 4 isolation plugs, including 1 that failed to seal properly. Since
07-Jul-2014 09:43 AM

Oilex says Cambay-77H frac stim ops complete

Oilex Ltd says four-stage fracture stimulation operations have been completed at Cambay-77H. Preparations are underway for mill-out operations to remove the plugs and open all four stages to the well bore. Since the previous update on 2 July 2014: - St
04-Jul-2014 02:34 PM

Oilex resumes Cambay-77H frac stimulation

Oilex has resumed fracture stimulation operations on the Cambay-77H well following repairs to the frac tree. Oilex says that as a precaution, mobilisation of a spare frac tree has commenced and it will standby at Cambay-77H site, as all the spare valv
02-Jul-2014 07:34 AM

Oilex gives Cambay-77H frac update

Oilex Ltd said Stage 1 fracture stimulation (frac) has been successfully completed at Cambay-77H. Subsequently, Cambay-77H started unaided flowback with indications of gas at surface within 24 hours while other operations were ongoing. Subsequent to Stag
24-Jun-2014 07:20 AM

Oilex says frac stimulation begins at Cambay-77H well

Oilex Ltd says fracture stimulation operations have commenced at its Cambay-77H well. During the Stage 1 "toe prep", a pressure increase of approximately 800 psi was detected at surface immediately after the initial Stage 1 perforation, confirm
09-Jun-2014 07:30 AM

Oilex eyes Cambay-77H fracture stimulation next week

Oilex Ltd said Schlumberger equipment for the fracture stimulation programme at the Cambay-77H Well has started to arrive at site, and that other preparatory activities for the well have also commenced to ensure readiness for the Stage 1 fracture stimulat
22-Apr-2014 08:19 AM

Oilex says Cambay-77h casing set, cemented

Oilex Ltd said the 4-1/2-inch production casing at Cambay-77H well was successfully set and cemented on 19 April 2014. The wellbore was now secured for the fracture stimulation programme. Essar Land Rig #4 was preparing to demobilise from the site. This
14-Apr-2014 01:13 PM

Cambay-77H well reaches TD, says Oilex

Oilex has confirmed that the Cambay-77H has reached total depth at 2370m MD. The primary reservoir target (Y Zone) has been intersected on prognosis and increased gas readings similar to Cambay-76H indicate the reservoir is hydrocarbon bearing. A full
24-Mar-2014 08:03 AM

Oilex says Cambay-77H on equipment downtime

Oilex Ltd said the drilling at its Cambay-77H well is currently on equipment downtime at no cost after experiencing mechanical issues, while spare parts are sourced. Oilex said drilling of the 12-1/4 inch hole section reached 1,626.5m MD, which was about
11-Mar-2014 12:09 PM

Oilex continue drilling at latest Cambay well

Oilex has announce that its Cambay-77H well drilling operations in India have been successfully completed setting and cementing the 13 3/8 inch casing at 590m Measured Depth (MD). Cambay-77H is located adjacent to the Cambay-76H horizontal well that und
07-Mar-2014 07:57 AM

Oilex says drilling beings at Cambay-77H

Oilex said Cambay-77H horizontal production well drilling operations began March 7. The rig is drilling ahead at 76m measured depth. It is expected to take 30 days to reach a measured depth of 2357m. "We look forward to measuring a sustained hydroc
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