Latest Share Chat

REMOVE ADS

OEX.L Share News (OEX)

OEX.L Information

There is currently no data for OEX

REMOVE ADS

Oilex making progress on sidetrack well

Thu, 07th Jan 2010 08:30

Oil and gas exploration and production company Oilex is making progress with its troublesome Lolotoe-1 well in the Timor Sea.On Monday, 4 January, it reported delays had been experienced with the running of the 9.625” casing above the primary objective Elang/plover Formation sandstones, and was drilling a side-track well to circumvent these problems.By 4pm (western standard time) on 6 January drilling on the sidetrack well was at a depth of 2,552 metres. The section from 2,491 metres to around 3,750 metres is being re-drilled following extensive caving of the original borehole. On reaching the casing point, 9?" casing will be run before drilling the primary objective Elang/Plover Formation sandstones.