RNS Number : 7294V
Oilex Ltd
15 December 2021
ASX-RNS Announcement
15 December 2021
ASX: OEX
AIM: OEX
Cambay Production Re-start Update
The Board of Oilex Limited (Oilex the Company) is pleased to announce that following a final court order issued on
13.12.21 and received by the Company on 14.12.21, the previously imposed production cessation on the Cambay field has been removed and the Company plans to resume gas production in the near future. The two currently active wells, C-73 and C-77H will be placed back on cyclic production and the gas will be processed and exported through the existing production facilities and pipelines.
Oilex's Chief Executive Officer, Roland Wessel said:
"This is an important milestone for the Company. Production has been suspended for the last 3 years and the re-establishment of gas production and associated revenues is the next step in monetising the significant gas resources in the Cambay field."
For and on behalf of Oilex Ltd
Roland Wessel
Managing Director
For further information, please contact:
|
Investor Enquires
Oilex Ltd
Roland Wessel
Managing Director
Email: [email protected]
Tel: +61 8 9485 3200
Australia
|
AIM Broker
Novum Securities
B
roker
Colin Rowbury
Email:
[email protected]
Tel: +44 20 7399 9427
UK
|
AIM Nominated Adviser
Strand Hanson Limited
Nominated Adviser
Rory Murphy/Ritchie Balmer
Email: [email protected]
Tel: +44 20 7409 3494
UK
|
Media Enquires (UK)
Vigo Communications
Public Relations
Patrick d'Ancona/Chris McMahon
Email: [email protected]
[email protected]
Tel:+ 44 20 7390 0230 UK
|
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