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Oilex Ltd ORD NPV (OEX)

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04-May-2022 09:59 PM

IN BRIEF: Oilex completes fundraise and stabilises gas production

Oilex Ltd - Perth-based developer of natural gas assets - Completes £2.5 million fundraise. Raises funds through issue of shares at a price £0.20 each. Chief Executive Roland Wessel says: ‘The placing price of £0.20 pence represent
08-Apr-2022 11:51 AM

IN BRIEF: Oilex recommences production at Cambay following approval

Oilex Ltd - Perth-based developer of natural gas assets - Recommences production and gas sales at Cambay field, following receipt of consent to operate from the Gujurat Pollution Control Board. ‘The re-establishment of production from th
04-Apr-2022 12:34 PM

UPDATE: Oilex shares bounce back after GPCB revokes production halt

Oilex Ltd shares bounced back on Monday after the company said that the Gujarat Pollution Control Board has authorised the use of the early gas facility and revoked the production halt at the Cambay field. Shares were up 14% at 0.29 pence each
04-Apr-2022 11:06 AM

Oilex falls as pollution control board query prevents Cambay restart

Oilex Ltd shares fell on Monday after the firm said that a licensing issue is preventing the restart of production at its Cambay field in India. Shares were down 14% at 0.22 pence each on Monday morning in London. The Perth-based develo
16-Mar-2022 02:30 PM

IN BRIEF: Oilex says two wells ready to restart at Cambay field

Oilex Ltd - Perth-based developer of natural gas assets - Expects to complete acquisition transaction of Cambay Field PSC at the end of March, and expects approval from the Gujurat Pollution Control Board to come imminently, which will greenlight the r
11-Mar-2022 12:32 PM

Oilex shares fall as it posts swing to interim loss on increased costs

Shares in Oilex Ltd fell on Friday after the company swung to an interim loss on increased exploration and administrative expenses. Oilex shares were down 6.8% at 0.20 pence each on Friday midday in London. In the six months to December
21-Apr-2021 02:00 PM

Oilex confirms acquisition funding

The board of Oilex Limited has arranged the funding required to complete the acquisition of GSPC's 55% participating interest (PI) in the Cambay PSC. This follows the announcement on 6 April 2021, in which, the company announced that GSPC had prov
01-Oct-2020 09:01 AM

Oilex records $4.6m loss amid Covid, oil price crash

AIM-listed Australian oil company Oilex recorded a loss of $4.6 million in the 12 months to the end of June 2020, according to its unaudited annual report. The losses were driven by the impact of the Covid-19 pandemic and the collapse in the global oil p
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

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