Oilex moves closer to Cooper-Eromanga sale with Doriemus placement
21st Feb 2020 07:50
(Sharecast News) - Oilex updated the market on Friday, reporting that Doriemus has successfully completed a conditional bookbuild to raise AUD 4.5m (?2.3m) via a placement of shares and options.
Read moreOilex chairman extends expanded role for two months
11th Feb 2020 10:02
(Sharecast News) - Oilex announced on Tuesday that the expanded operational role for its chairman, Bradley Lingo, was being extended by a further two months to 31 March.
Read moreOilex exiting Australia with proposed sale of Cooper-Eromanga interests
29th Jan 2020 13:56
(Sharecast News) - Oilex has signed a binding heads of agreement with Doriemus, an ASX-listed company, for the proposed sale of all of its interests in the Cooper-Eromanga Basin.
Read moreOilex pushes back due date for South Australia acquisition by two months
16th Dec 2019 16:26
(Sharecast News) - Oilex announced on Monday that the date for the satisfaction of conditions for the acquisition of 27 petroleum retention licenses (PRLs) in the Cooper-Eromanga Basins from Senex Energy has been extended by two months to 29 February.
Read moreOilex acquires 27 petroleum retention licenses in South Australia
27th Sep 2019 08:49
(Sharecast News) - Exploration and production firm Oilex has agreed to buy Senex Energy's interest as the operator of 27 petroleum retention licenses in the Cooper-Eromanga Basins of South Australia.
Read moreOilex shares rocket after joint venture dispute resolution
9th Sep 2019 11:01
(Sharecast News) - Shares in Oilex stormed higher on Monday after the company reached a resolution with the Gujarat State Petroleum Corporation (GSPC) over a dispute concerning their Cambay joint venture.
Read moreOilex to acquire controlling interest in Cooper-Eromanga licences
14th Aug 2019 11:13
(Sharecast News) - Oilex has entered into an agreement with Perseville Investing and Terra Nova Energy Australia to acquire up to a further 51.4997% interest in Petroleum Exploration Licences 112 and 444, in the "world-class" Cooper-Eromanga Basins in South Australia, it announced on Wednesday.
Read moreOilex preps for drilling at Cambay following turbulent quarter
30th Apr 2019 10:09
(Sharecast News) - Exploration and production outfit Oilex told investors on Tuesday that the 2019-20 work programme and budget for its Cambay asset were "well advanced" and now included the drilling of two vertical wells.
Read moreOilex bids for remaining 55% stake in India oil field
13th Dec 2016 07:58
(ShareCast News) - Australian explorer Oilex has made a formal offer to buy the remaining 55% stake that it does not already own in the Cambay oil field in India. The company's partner, state-owned Gujarat State Petroleum Corporation, is selling its interest in Cambay, subject to regulatory approval
Read moreOilex inks agreement with Gujarat State Petroleum over planned Well C-78
17th Oct 2016 10:29
(ShareCast News) - Shares in Oilex Ltd have are up more than 13% after it executed an agreement with Gujarat State Petroleum Corporation Ltd on the next planned vertical well in the Cambay Field (Well C-78). Oilex, which is GSPC's JV partner, said the agreement was a key milestone towards the propos
Read moreOilex appoints Mark Bolton as CFO
10th Jun 2016 15:26
(ShareCast News) - Petroleum resource developer Oilex announced the appointment of Mark Bolton as its chief financial officer and company secretary on Friday, with immediate effect. The AIM and ASX-traded firm said Bolton has worked as a CFO and secretary for a number of resource companies since 200
Read moreOilex celebrates first production at Bhandut-3
8th Apr 2016 11:04
(ShareCast News) - Oilex was celebrating the start of gas production from its Bhandut Field on Friday, located onshore Gujarat, India. The board of the AIM-traded company said the Bhandut-3 well was currently flowing at the expected stabilised rate of 120 barrels of oil equivalent per day, through a
Read moreOilex begins talks with Zeta in effort to avoid Australian legal battle
2nd Dec 2015 09:55
(ShareCast News) - AIM-listed Oilex has begun discussions with shareholder Zeta Resources to find a commercial resolution to a legal dispute that will otherwise head to the Australian federal courts in coming weeks. Earlier in the year Oilex raised AUD30m in financing for a shale oil project in Guja
Read moreOilex workover programme on Cambay field advances on schedule
10th Nov 2015 09:40
(ShareCast News) - Oil and gas explorer Oilex has completed the workover on the Cambay -19z well in India and it expects production to begin shortly. The London-listed company said the workover was completed on the budget and that the well was pumping out 40 barrels of brine - a fluid that is inject
Read moreOilex kicks off workover programme on Indian project
21st Oct 2015 12:39
(ShareCast News) - Indian-focused gas producer Oilex has started a workover programme on its Cambay project ahead of a planned relocation of the rig and as part of its efforts to become cashflow-positive in India in 2015. The group said the workover campaign on its Indian project, aimed at removing
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