Oilex's Cambay well meets growing Indian demand for gas
21st Jul 2015 09:28
(ShareCast News) - Oilex's Cambay-73 well continues to meet the daily demands of its customers in Gujarat State, India, the company told investors in a production update. The well has been 100% operational and yields an average of 54 barrels of oil per day since production began in June. Furthermor
Read moreOilex says Cambay facilities are ready for commissioning
8th Jun 2015 14:22
Oil and gas explorer Oilex said the Cambay 73 production facilities in India were ready to be commissioned. The London-listed group added the production facilities, which were expected to be connected to the recently-laid pipeline in May, will be tied-in with the remainder of the project now that th
Read moreOilex soars after strong production results from Indian well
8th Dec 2014 10:56
Hydrocarbons explorer and developer Oilex said its flagship Cambay-77H well in India has delivered strong production rates. The firm added that the oil to gas ratio in the region has improved and, as a result, revenue from the project has grown by up to 40%. Oilex said the well has achieved a produ
Read moreOilex's Cambay-77H well set to go on production test
27th Oct 2014 17:17
Hydrocarbons producer Oilex reported that production tests are about to begin on its Cambay-77H well at the namesake field. The Australian firm said that a successful completion of the test should enable it to make further progress with the Cambay joint-venture and to put the gas well into productio
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreOilex hit by delays at Cambay well in India
8th Oct 2014 08:01
The share price of AIM-listed oil explorer Oilex sank sharply on Wednesday after the company reported delays at one of its wells on the Cambay field in the Gujarat State of India. Oilex has been conducting flowback operations at Cambay-77H to remove water put into the reservoir during frac and coil
Read moreOilex may take almost two months to begin fracking Indian well
22nd Apr 2014 11:53
Australian and Indian oil & gas company Oilex has finished drilling a well in India but said it may take several weeks to frack it. Oilex said it had cemented its Cambay-77H well in Gujurat and it was now secure for fracture stimulation. Logs had confirmed a hydrocarbon-bearing reservoir at 77-H c
Read moreOilex shares leap after positive findings at Cambay
14th Apr 2014 13:34
AIM-listed Oilex saw its share jump by a fifth after the Cambay-77H well reached a total depth of 2,370m and testing indicated that the reservoir is hydrocarbon bearing. A full suite of logs will be acquired subsequent to conditioning the wellbore, after which, the 4.5 inch production casing will
Read moreOilex places trading halt on Australian shares
13th Feb 2014 10:55
Hydrocarbon group Oilex was a significant faller on AIM on Thursday after revealing it had placed a trading halt on its ASX-listed shares ahead of a capital raising announcement. The group said it expected to make the announcement "within the next few days", at which point trading would resume.
Read moreOilex suspends trading on ASX
28th Aug 2013 11:30
Oilex has halted the trading of its shares on the Australian Securities Exchange (ASX) ahead of the release of a proposed capital raising. The oil and gas exploration and production company said it expects the announcement will be made with "the next few days", at which point trading will resume.
Read moreOilex lands gas sales agreement in India
11th Apr 2013 11:33
Oilex shares rose Thursday as it announced a gas sales agreement (GSA) with an Indian public limited company for the Cambay Basin in the country. The oil and gas company said it has signed a deal with the undisclosed company for off-spec gas production from the Cambay-73 well in the Cambay Basin, a
Read moreOilex shares rise on approval of work programme in India
10th Apr 2013 08:06
AIM-listed independent oil and gas exploration company Oilex has received approval from the regulatory authorities in India for its work programme and budget activities to the end of March. The programme includes one firm horizontal well and four wells in a contingent drilling campaign. Acting M
Read moreOilex secures extension on petroleum contract
25th Jan 2013 11:14
AIM-listed independent oil and gas exploration company Oilex has announced that the contract period expiry date for a joint petroleum contract has been extended by five months until June 15th. The particular contract, known as the joint petroleum development area 06-103 production sharing contract"
Read moreResources round-up: Wasabi, Oilex, Solgold
2nd Aug 2012 12:00
Australia-based cleantech investor Wasabi Energy has said its Chinese licensee, Shanghai Shenge New Energy Resources Science and Technology Company (SSNE) has signed a design and technical services agreement with China Petroleum and Chemical Corporation (Sinopec) for the design of a 4.0 megawatt ele
Read moreResource round-up: Oilex, Gold Oil, Rialto Energy
8th May 2012 10:32
Oilex has decided to suspend operations at its Cambay-76H horizontal well onshore Gujarat, India, after suffering repeated mechanical problems. Oilex had been conducting operations to recover and replace a damaged drill pipe and to recover milling assemblies from the well. During these operations th
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