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20 Jan 2014 07:00
January 20, 2014
cambay 77h Well - rig mobilisation update
· Essar Oilfield Services Limited's LR-4 Rig has arrived in India
· All components have cleared customs and are scheduled to arrive at site in the next 14 days
Oilex Ltd (ASX: OEX, AIM: OEX, Oilex) is pleased to announce that the Essar LR-4 Rig to drill Cambay 77H has arrived in the port of Mumbai in India and all components have been cleared through customs.
The contractor has advised that the rig consists of 149 packages which are anticipated to arrive at site within the next 14 days.
Managing Director of Oilex, Ron Miller, said
"This is another important milestone for the Company as it continues preparations to drill the Cambay 77H well in order to meet growing energy demands in the region. The Company is pleased to have secured Essar's LR-4 Rig."
For further information, please contact:
Oilex Ltd Ron Miller, Managing Director Email: oilex@oilex.com.au Tel: +61 8 9485 3200 Australia | RFC Ambrian Limited Nominated Adviser and AIM Broker Samantha Harrison Email: samatha.harrison@rfcambrian.com Tel: +44 203 440 6800 UK
| Tavistock Communications Conrad Harrington Email: charrington@tavistock.co.uk Tel: +44 207 920 3150 UK |
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