23 May 2017 07:00
ASX Announcement
23 May 2017
ASX: OEX
AIM: OEX
Cambay Production Update - C-73 and C-77
Oilex Ltd (the Company) is pleased to announce that gas production has re-started from C-77 at the Cambay Field. Gas production has restarted at a rate of 250MSCFD from the Eocene with flow rates at current contracted gas sales volumes. The current gas sales agreements will be renegotiated to take any additional produced volumes as and when required. The Company plans to cycle production between C-77 and C-73 as part of its resovoir management.
For and on behalf of Oilex Ltd
Jonathan Salomon
Managing Director
For further information, please contact:
Investor Enquiries Oilex Ltd Joe Salomon Managing Director Email: oilex@oilex.com.au Tel: +61 8 9485 3200 Australia | AIM Broker Cornhill Capital Limited Broker Colin Rowbury Email: colinr@cornhillcapital.com Tel: +44 20 3700 2516 UK | AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy/Ritchie Balmer Email: oilex@strandhanson.co.uk Tel: +44 20 7409 3494 UK | Media Enquires (UK) Vigo Communications Public Relations Patrick d'Ancona/Chris McMahon Email: patrick.dancona@vigocomms.com chris.mcmahon@vigocomms.com Tel: +44 20 7830 9700 | Media Enquiries (Aus) Citadel-MAGNUS Michael Weir Email: mweir@citadelmagnus.com Tel: +618 6160 4900 Australia |
OEX.L (OEX)