7th Aug 2006 09:02
OILEX NL07 August 2006Alternative Investment MarketLondon UKDear Sir/Madam,RE: UPDATE ON COMMENCEMENT OF DRILLING PROGRAMME IN CAMBAY FIELD, GUJARAT, INDIAOilex advises that the rig that it has contracted for the Cambay field drillingprogramme has been delayed at its current location and will drill one furtherwell before relocating to Cambay in approximately 20-30 days. Oilex now expectsthe rig to be on location at Cambay in late August. Oilex had earlier completedconstruction of three monsoon grade locations in readiness for drilling.Oilex is Operator of the Cambay Field and holds 45% interest, 15% of whichOilex acquired from Niko Resources Ltd and remains subject to approval by theGovernment of India.For and on behalf of the BoardB. H. McCarthyManaging Directorcc: Directors: MC/GIJ/RGBLevel 3, 50 Kings Park Road West Perth Western Australia 6005 P.O. Box 588 West Perth Western Australia 6872 Telephone (61 8) 9226 5577 Facsimile (61 8) 9226 2108 email: [email protected] www.oilex.com.au ENDOILEX NLRelated Shares:
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