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Cambay C-77H Re-frac Operations Update No2

18th Jul 2022 09:34

RNS Number : 7906S
Oilex Ltd
18 July 2022
 

ASX-RNS Announcement

18 July 2022

ASX: OEX / AIM: OEX

Cambay C-77H Re-frac Operations Update No2

 

Oilex Limited (Oilex or the Company) is pleased to announce the following update with respect to its operations in India.

 

C-77H Re-frac Operations Update

 

All of the equipment necessary for the re-frac operation has arrived onsite with the exception of the coiled tubing unit (CTU) which has been delayed by monsoon season related rain. The CTU is expected to arrive onsite tomorrow after which the initial stage of the re-fraccing operation, perforating the zones to be hydraulically fractured, will commence.

 

The actual fraccing operation is anticipated to last 7 days and will be followed by flow-back and testing. We currently expect to be able to announce the results of the re-frac operation in August 2022.

For and on behalf of Oilex Ltd

Roland Wessel

Managing Director

For further information, please contact:

Investor Enquiries

Oilex Ltd

Roland Wessel

Managing Director

Email: [email protected]

Tel: +61 8 9485 3200

Australia

AIM Broker

Novum Securities

Broker

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 Enquiries (UK)

Vigo Consulting

Public Relations

Patrick d'Ancona/Finlay Thomson

Email: [email protected]

[email protected]

Tel:+ 44 20 7390 0230 UK

 

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