Oilex Ltd - Aberdeen-based oil and gas explorer - Says progress made in its aim of securing participating interest in West Kampar PSC in Indonesia. Says its proposed direct bid has been declared administratively complete by government of Indonesia. "This confirmation from the GoI, which is exclusive to Oilex, provides a pathway to conduct the Joint Study on the proposed development of West Kampar which will then provide certain preferential rights in the ultimate award of the West Kampar PSC by the government of Indonesia," Oilex said.
Current stock price: 0.10 pence
Year-to-date change: down 47%
By Eric Cunha; ericcunha@alliancenews.com
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