18th Sep 2006 07:00
OILEX 18 September 2006WEEKLY OPERATIONS UPDATE - CAMBAY FIELD DRILLING PROGRAM GUJARAT, INDIAOilex Ltd is pleased to announce that at 0600 hrs (Indian Standard Time) on 18September 2005 the Cambay-72 appraisal/development well was at a depth of 1,202metres and drilling ahead. Participants in the Cambay Production Area are: Current Interest Post-approval Interest Oilex Ltd (operator) 30%1 45% Gujarat State Petroleum Corporation 40%2 55% Ltd Niko Petroleum 30% - 1. Oilex is acquiring an additional 15% equity from Niko Petroleum subject toapproval by the Government of India.2. Gujarat State Petroleum Corporation is acquiring an additional 15% equityfrom Niko Petroleum subject to approval by the Government of India.Yours sincerely,Bruce McCarthyManaging DirectorFor further information, please contact:Bruce McCarthy, Managing Director Oilex Ltd Tel. +61 8 9226 5577 (WesternAustralia)Archie Berens, Director Pelham Public Relations Tel. +44 20 7743 6679 (UnitedKingdom)ENDOILEX NLRelated Shares:
OEX.L