OEX.L Share News (OEX)

OEX.L Information

There is currently no data for OEX

IN BRIEF: Oilex completes fundraise and stabilises gas production

Wed, 04th May 2022 21:59

Oilex Ltd - Perth-based developer of natural gas assets - Completes GBP2.5 million fundraise. Raises funds through issue of shares at a price GBP0.20 each. Chief Executive Roland Wessel says: "The placing price of GBP0.20 pence represents no discount to the current price and shows confidence that these shareholders see significant value going forward. We are now fully funded for the July re-frac of C-77H and we also look forward to increasing daily production rates."

Company adds that, after a lengthy shut-in of production, gas production and sales have stabilised from one well, named C-73, at its Cambay field. Says current production rates demonstrate stable wellhead pressures. Plans to co-mingle production from the C-77H horizontal.

Current stock price: 0.21 pence

12-month change: down 16%

By Heather Rydings; heatherrydings@alliancenews.com

More News

14 Apr 2014 13:34

Oilex shares leap after positive findings at Cambay

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

14 Apr 2014 11:50

Oilex Intersects Primary Reservoir At Cambay-77H Ahead Of Fracking

LONDON (Alliance News) - Oilex Ltd Monday said its Cambay-77H well reached total depth and has intersected strong gas readings in its primary reservoir, ahead of testing in preparation for its fracture stimulation programme. The oil and gas development and production company said the well d

8 Apr 2014 12:18

UK MIDDAY BRIEFING: Sports Direct Plunges As Ashley Sells Small Stake

LONDON (Alliance News) - Sports Direct International founder and deputy Chairman Mike Ashley has sold a 4% stake in the firm, causing a sharp fall in its share price, just days after the sports goods retailer's shareholders again rejected a proposal to pay him a bonus.
Read more

8 Apr 2014 11:22

UK WINNERS & LOSERS: Gold Miners Among The Biggest FTSE Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS Fresnillo, up 1.1%, and Randgold Resources, up 0.8%. The mining companies are benefiting from a sharp rise in the price of g

8 Apr 2014 10:10

Oilex Completes Next Stage Of Drilling At Cambay-77H

LONDON (Alliance News) - Oilex Ltd Tuesday said it has moved closer to production at its Cambay-77H well in India after successfully completing setting and cementing its next casing at roughly 1,653 measured depth. The oil and gas development and production company said the casing was set i

4 Apr 2014 15:48

Oilex Drilling Rig On Cambay-77H Now Repaired, Operational

LONDON (Alliance News) - Oilex Ltd Friday said that its drilling rig on Cambay-77H has been repaired and is operational. The oil and gas development and production company said that the rig has stopped operations to check drill string components. Oilex said the rig will return to dril

3 Apr 2014 11:26

Oilex Completes Data Acquisition Survey At Canning Basin

LONDON (Alliance News) - Oilex Ltd Thursday said that CGG Aviation (Australia) Pty Ltd has completed a data acquisition for an aerial gravity/magnetic survey of the SPA 17 AO site in the Canning Basin in Australia. The oil and gas development and production company said the data acquisition

31 Mar 2014 13:48

Oilex Says Survey Has Started On New Area At Canning Basin

LONDON (Alliance News) - Oilex Ltd Monday said that CGG Aviation (Australia) Pty Ltd has started data acquisition for the aerial gravity/magnetic survey covering the SPA 17 AO area at Canning Basin in Australia. In a statement, Oilex said the survey will consist of about 4,060 line-kilometr

24 Mar 2014 11:13

STOCKS NEWS EUROPE-UK small caps edge higher, outperform market

The FTSE small cap index rises 0.2 percent, outperforming junior-listed AIM shares, mid-caps and blue chips, down between 0.5 percent and 0.6 percent. Shares in Earthport rise 7.4 percent to 47.75 pence as the cross-border payments services firm wins a contract to provide solutions for high

24 Mar 2014 08:59

Oilex Slides As Cambay Well Drilling Rig Hit By Mechanical Trouble

LONDON (Alliance News) - Oilex Ltd saw its shares fall Monday after it reported mechanical problems with the rig drilling the Cambay-77H well on its Cambay site in Gujarat State, India. In a statement, the company said it has ordered new parts after the Essar Land Rig #4 experienced mechani

17 Mar 2014 12:40

Oilex Awards Fracking Contract At Cambay-77H To Schlumberger

LONDON (Alliance News) - Oilex Ltd Monday said the Cambay Joint Venture has awarded the fracture stimulation programme for Cambay-77H to Schlumberger Ltd. The oil and gas development and production company said it will be working with Schlumberger on the fracking programme for the Indian si

11 Mar 2014 13:21

Oilex Comples Setting And Cementing Of Casing At Cambay-77H

LONDON (Alliance News) - Oilex Ltd Tuesday said it has completed setting and cementing of a thirteen and three eighths casing as planned at the Cambay-77H well in India ahead of further drilling. The oil and gas development and production company said the case was set at 590 metres depth, s

7 Mar 2014 09:04

Oilex Commences Drilling At Cambay-77H

LONDON (Alliance News) - Oilex Ltd said Friday it has commenced horizontal production well drilling operations at Cambay-77H. The firm said the drilling programme commenced today, March 7, with the successful completion of a six hour commissioning period. Oilex said the rig is currently dri

7 Mar 2014 08:14

UK MORNING BRIEFING: Boohoo.com To Raise GBP300 Million In IPO

LONDON (Alliance News) - Fashion retailer boohoo.com Friday said it will raise GBP300 million in its initial public offering and have an initial market capitalisation of GBP560 million when it floats next week.

Dundee-based Alliance Trust has warned that the looming Scottish indepen

25 Feb 2014 11:55

Oilex Pretax Loss Widens, Announces Development Of Magna Deal In India

LONDON (Alliance News) - Oilex Ltd Tuesday said its pretax loss widened slightly on administrative expenses in its full-year figures and announced further development of Magna Energy Ltd's ongoing acquisition of interest in the Cambay site. The oil and gas exploration and development compan

Latest Share Chat

OEX.L Share News (OEX)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Oilex completes fundraise and stabilises gas production

Login to your account

Quickpicks are a member only feature

Login to your account