18th Jul 2022 11:38
Oilex Ltd - Perth-based developer of natural gas assets - Says all the necessary equipment for its refracking operation has arrived onsite at the Cambay field in India, with the exception of the coiled tubing unit. Notes that the part has been delayed by monsoon season-related rain. The coiled tubing unit is expected to arrive on Tuesday. The initial stage of the re-fracking operation will start then. The whole fracking operation is expected to last seven days and will be followed by flow-back and testing.
Current stock price: 0.16 pence, up 0.7% on Monday
12-month change: down 23%
By Abby Amoakuh; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.