31/07/202131 Aug 2021 01:07
From shar Talk/.
Oilex (OEX), whose shares seem to be intent on not factoring in positive fundamental factors, said it continues to progress its main objective of accessing the significant gas resource potential present in siltstones in the EP-IV reservoir at Cambay PSC.
The current work programmes are focused on finalising the purchase of GSPC’s 55% PI in the Cambay PSC, and to potentially further develop the asset with a new partner, or on its own. The company is preparing detailed work programmes, including new wells for implementation under the approved Field Development Plan and arranging the necessary funding to implement the planned work programme.