12th May 2017 10:10
ASX Announcement
12 May 2017
ASX: OEX
AIM: OEX
Bhandut and Cambay Updates
Oilex Ltd (the Company) is pleased to announce that gas production has re-started at the Bhandut Field after being shut-in for 7 months due to increased water production. Gas production has restarted at a rate of 150MSCFD with flow rates controlled to minimise produced water.
In the Cambay field, workovers are continuing on wells C-70 and C-23z. The workover rig has completed its work on C-70 and is now working on C-23z. At C-70 water lifting has been underway prior to a possible flow test operation.
For and on behalf of Oilex Ltd
Jonathan Salomon
Managing Director
For further information, please contact:
Investor Enquiries Oilex Ltd Joe Salomon Managing Director Email: [email protected] Tel: +61 8 9485 3200 Australia | AIM Broker Cornhill Capital Limited Broker Colin Rowbury Email: [email protected] Tel: +44 20 3700 2516 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] Tel: +44 20 7830 9700 | Media Enquiries (Aus) Citadel-MAGNUS Michael Weir Email: [email protected] Tel: +618 6160 4900 Australia |
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