ASX-RNS Announcement
6 June 2022
ASX: OEX / AIM: OEX
Cambay Production and Operations Update
Oilex Limited (Oilex or the Company) is pleased to announce the following update with respect to its operations in India.
Production Update
Production for the month of May on the Company's Cambay field (WI 100%), averaged 0.24 mmscfd gas production and 18.5 BPD condensate production. The majority of the production has been from the C-73 well but production from the C-77H well has been intermittently co-mingled to provide a route to higher production levels. However, low pressure grid constraints have limited production rates to the current c.0.3 mmscfd level. The low pressure grid constraints are being addressed by the grid operator which will allow for higher production rates from the field.
Operations Update
All major service and equipment have been secured for the planned C-77H re-frac operation. Currently, the workover rig is scheduled to be mobilised mid-June 2022 in order to prepare the C-77H well for fraccing operations, scheduled for mid-July 2022.
For and on behalf of Oilex Ltd
Roland Wessel
Managing Director
This announcement was authorised for release by the Board of Oilex Limited.
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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