ASX-RNS Announcement
8 April 2022
ASX: OEX / AIM: OEX
Cambay India Production and C-77H Re-frac Update
Oilex Limited (Oilex or the Company) is pleased to provide the following update to its operations in India and in particular, with respect to the Cambay field.
Subsequent to the receipt of the Consent to Operate from the Gujarat Pollution Control Board, production has re-commenced on the Cambay field together with gas sales.
Oilex's Chief Executive Officer, Roland Wessel, said:
"The re-establishment of production from the Cambay gasfield has occurred soon after the Indian government announced that the price of domestic gas would more than double from $2.9 per mmbtu to $6.1 per mmbtu. This will provide a material benefit to Oilex's cash flow."
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: oilex@oilex.com.au Tel: +61 8 9485 3200 Australia | AIM Broker Novum Securities Broker Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK | AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy/Ritchie Balmer Email: oilex@strandhanson.co.uk Tel: +44 20 7409 3494 UK | Media Enquiries (UK) Vigo Communications Public Relations Patrick d'Ancona/Finlay Thomson Email: patrick.dancona@vigocomms.com finlay.thomson@vigocomms.com Tel:+ 44 20 7390 0230 UK |
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