This is a good growth oil company - its Block 56 in Oman have significant oil bearing structures. it said that the possible presence of a thicker sedimentary section in the eastern area implied a more extensive distribution of the Ara Salt unit into Block 56 and raised the possibility of salt related structures similar to those producing to the west in the main salt basin.

Block 56 in Oman rings a bell - isn't that one of Circle's prospects?

No, soultraders... I have posted below for your information.



RE: Oilex consortium awarded Block 56 in Oman

As advised in our release of 31 March 2006, the Government of the Sultanate of
Oman has awarded Block 56 to a consortium led by Oilex (as operator), subject
to signing an Exploration & Production Sharing Agreement. Block 56 was Oilex's
first choice block and the highest rated of the blocks on offer in the bid round that closed on 1 January 2006. The block is located onshore, adjacent to producing fields operated by PDO, the Oman national oil company, in the South
Oman Salt Basin, which is one of the main producing basins in Oman.

The acreage on offer in the recent bid round comprised three blocks on the
eastern side and 2 blocks on the western side of the South Oman Salt Basin (see
map). The recognition of 20 structural leads and the possibility of an extension of the proven Ara salt play across Block 56 justified a comprehensive work program set out in the Consortium's bid application. Potential has been recognized for targets ranging from the Cambrian Buah formation to the Cretaceous Wasia group in areas where depth of burial is sufficient to mitigate the biodegradation of oil at the shallower levels.

The possible presence of a thicker sedimentary section in the eastern area
implying a more extensive distribution of the Ara Salt unit into Block 56
raises the possibility of salt related structures similar to those producing to
the west in the main salt basin.

The density and quality of seismic coverage was not considered to be sufficient
to identify immediately drillable prospects and 2D and 3D seismic acquisition
is a prominent component of the proposed work programme. The value of the work
programme is estimated to be about US$7.5 million net to Oilex over the initial 3 year term. Drilling is expected to start first half 2007.

The award completes another element of the company's stated strategy of
acquiring high quality exploration acreage in countries around the Indian Ocean
rim in joint venture with its Indian alliance members.

and soultraders...not forgetting it has more potentials elsewhere in India.


OILEX NL

18 April 2006

RE: ACQUISITION OF ADDITIONAL EQUITY INTERESTS - CAMBAY, BHANDUT AND SABARMATI
FIELDS, GUJARAT, INDIA

Oilex NL (Oilex) is pleased to advise that it has acquired an additional 15%
interest in the Cambay Field and 40% in each of Bhandut and Sabarmati Fields
onshore Gujarat, subject to the approval of the Government of India. Each of
these fields is producing oil at low rates on an intermittent basis and they
are anticipated to be good candidates for re-development.

In all of these joint ventures, Oilex is the Operator and its co-venture party
is Gujarat State Petroleum Corporation (GSPC). Oilex has received all approvals
necessary for the initial farmin on GSPC and Niko for 30% equity in Cambay
Field, subject to formal amendment of the Production Sharing Contract (PSC).

The Cambay, Bhandut and Sabarmati fields are located in one of the most
prolific petroleum provinces onshore India close to existing pipeline and
industrial infrastructure and with the purchase from Niko of the additional 15%
equity in Cambay and the 40% participating interest in the Bhandut and
Sabarmati PSC's, Oilex is well placed to develop a production base in Gujarat
at the earliest opportunity.

Oilex will become the Operator under the existing PSC and Joint Operating
Agreement and in consideration of the assignment by Niko of its interests and
adjustment for Niko's share of the original farmin, Oilex will pay an amount of
US$5.39 million, equal to the proportional value of the costs incurred by GSPC
and NIKO that have not been recovered under the cost recovery provisions of the
PSC, with payment being subject to Government of India approval.

The fields were all discovered and developed initially by Oil & Natural Gas
Corporation (ONGC) of India. Hydrocarbons were found in Oligocene and Eocene
sandstones and continued to be produced on an intermittent basis after the
fields were acquired by the GSPC and Niko Joint Venture in 1995. Production
from the fields has suffered because of sand and water influx and decline in
reservoir pressure most likely due to formation damage. Oilex has undertaken
geological studies of existing well data and is planning a phased seismic
acquisition and drilling programme to commence in May-June of this year.

FIELD OILEX NET INTEREST

Cambay 45% Operator

Bhandut 40% Operator

Sabarmati 40% Operator

bought a couple of grands worth at 40 a couple of weeks ago.

lovely double bagger already. the india fields could be HUUUUGE!!!

OILEX NL

15 May 2006

Centralised Company Announcements Office

Australian Stock Exchange Limited

10th Floor

20 Bond Street

Sydney NSW 2000

Dear Sir,

RE: REVISED RESOURCE ESTIMATE FOR CAMBAY FIELD WESTERN HIGH AND EASTERN FLANK, GUJARAT, INDIA

RESOURCE ASSESSMENT - OS II AND EP IV HORIZON

Further to our ASX Release of 21 April 2006, additional work has been completed
to define with a higher level of confidence the characteristics of the reservoir and the fluid composition in potential reservoir units of the Cambay Field. This work has resulted in the following estimates for the Oligocene OS II sandstone (see Figure 1) and the Eocene EP IV sandstone (see Figure 2) on both the Western High Trend and the eastern flank, which are two of the main objective horizons targeted in the phase-I drilling programme. No estimates for other potential reservoir units in the Miocene and Oligocene have been completed at this point. The estimates announced previously for the Oligocene OS II resource were only for the Western High Trend.

Accounting for the possible presence of oil and /or gas on the eastern flank and the western high trend, the best revised estimate of potential resource original volume in place has now increased by 48% from 29 to43million barrels of oil and by 409% from 34 to 173billion cubic feet of gas.

Approximately 52 billion cubic feet of gas has been produced from the eastern
flank area. The range of volumes for oil are now 16 to 108 million barrels potential original oil resource in place, with the range of volumes for gas from 105 to 432 billion cubic feet of gas resource originally in place.

The first phase of drilling on Cambay Field is scheduled to commence in the
second half of June, depending on the time taken to import additional equipment
necessary for the drilling programme. As previously advised, on the basis of data analysed from existing wells, two wells have been optimally located to intersect the possible oil leg on the western high structure to acquire modern wireline and formation fluid and pressure information to aid in normalising the existing data base.

RESOURCE ORIGINAL VOLUME-IN-PLACE

Low Estimate Best Estimate High Estimate

OIL (million stock tank barrels) 16 43 108

GAS (billion cubic feet) 105 173 432

CONDENSATE (million stock tank 1.6 3.7 9.8
barrels)

Estimates of the potential hydrocarbonsoriginallyin place(100% basis) calculated for the Western High trendand eastern flank at the stratigraphic level OS II and EP IV sandstones.

The Directorate General of Hydrocarbons (the regulatory authority of the Republic of India) will be briefed on the outcome of the ongoing resource assessment work.

Buyers are coming back in now on Oilex...potentially cheap at 56p.

Good news from Oilex today

16 October 2006

WEEKLY OPERATIONS UPDATE - CAMBAY FIELD
DRILLING and 3D SEISMIC ACQUISITION PROGRAM GUJARAT, INDIA


Oilex Ltd is pleased to advise progress on drilling and seismic acquisition
programmes in Cambay Field, Gujarat, India.Cambay-71 intersected a section
similar to that of Cambay-72 as predicted in the geological prognoses and we
look forward to completing the test programme in November as planned.

Cambay 71: At 06:00 hrs (Indian Standard Time) on 16 October 2006 the Cambay-71
appraisal /development well had been suspended for future testing at a total
depth (TD) of 1600 metres. The rig was released at 15:30hrs on 15 October 2006.
This marks the end of the first phase drilling programme.

As with Cambay-72, indications of hydrocarbons were recorded while drilling the
main potential reservoir intervals in Cambay-71 and detailed formation
evaluation is under way. The total depth of the well was revised to a shallower
level to avoid significant overpressure at the Eocene objective, as was
encountered in Cambay 72 (see below). Attempts to gather reliable pressure and
fluid information from the shallower objectives were unsuccessful due, in part,
to apparent plugging of the tools by very friable sand and mechanical failures.
Sand incursion is an indicator of high porosity reservoir and is a known
problem in other wells in the area. Investigation of the best means of
preventing the sand inflow will be a significant part of the design of the
forthcoming test programme for both wells.

Unlike Cambay-72 the casing was not run in Cambay-71. The intention is to
return to the well to run larger diameter casing than was available to us for
the current programme. The advantages of this approach in Cambay-71 are: 1) we
have the option to drill a larger diameter hole through the deeper Eocene
objective; and 2) flow rates are likely to be improved in the potentially
productive intervals in the Miocene and Oligocene.

The testing programme for both Cambay-71 and Cambay-72 is being planned for
November, as soon as equipment and materials for the revised well test design
are procured.

Cambay-72: The well was drilled to a TD of 1767 m and 51/2" casing was run. The
section below about 1730 m is significantly over-pressured and gas and oil were
recovered at surface during drilling. Further evaluation of the data from the
Eocene is required to determine the optimal testing programme.

Cambay 3D Seismic Program: A contract has been signed with Geofysika Torun for
the acquisition of a 3D seismic programme over the Cambay Contract Area.
Surveyors are in the field mapping the detail of the survey. Acquisition is
expected to be completed in late November.



Participants in the Cambay Production Sharing Contract are:

Current Post-approval Interest
Interest 3

Oilex Ltd (Operator) 30.00% 1 45%

Gujarat State Petroleum Corporation Ltd 46.67% 2 55%
(GSPC)

Niko Resources Ltd 23.33% -

1. Oilex is acquiring an additional 23.33% equity interest in the PSC from
Niko,

2. GSPC is acquiring an additional 8.33% equity interest in the PSC from
Oilex.

3. Approval is pending for 1. and 2. from the Government of India.

Yours sincerely,

Bruce McCarthy
Managing Director


For further information, please contact:

Ray Barnes, Technical Director, Oilex Ltd Tel. +61 8 9226 5577 (Western
Australia)

Archie Berens, Director Pelham Public Relations Tel. +44 20 7743 6679 (United
Kingdom)

The information on drilling results in this report has been compiled by the
Managing Director of Oilex NL, Bruce McCarthy B.Sc. (Hons), PhD (Geology) who
has over 27years experience in the oil and gas exploration and production
industryandwasreviewed by Ray Barnes, the Technical Director of Oilex NL who
has over 35 years experience in oil and gas exploration and production industry
and is a member of the AAPG.

JP Morgan Chase increased its stakes in Oilex by 2,150,000 shares to 8.34% today.

I'm in. Not quite up to JPMC volumes but looking to increase with more positive news. :-)

Good news for OEX...looking cheap at this price...it is a BUY.


GOVERNMENT OF INDIA APPROVES ASSIGNMENT OF INTERESTS TO OILEX IN THREE
FIELDS, GUJARAT, INDIA.

Oilex Ltd is pleased to advise that it has received the approval of the
Government of India for the assignment of 40% participating interests in the
Bhandut and Sabarmati Fields PSC's and additional 15% net participating
interest in the Cambay Field PSC. The interests were acquired from
Niko Resources Ltd under an agreement that was made in February 2006.


Bhandut Field - Oilex is Operator of Bhandut Field with 40% participating
interest. The field is located near to the Lakshmi, Gauri and Hazira Fields
that are producing gas and oil from reservoir intervals similar to those
intersected in the Bhandut wells. The Bhandut Field has produced about 700,000
barrels of oil since 1993. In 2002, Bhandut Field was producing oil at rates of
about 400 barrels per day ("bopd") before suffering likely formation damage
incurred during workover activities at which time the average daily rate
declined to the current rate of about 20 bopd per well from 2 wells.

We believe that there is an excellent chance of improving the production rate
with the application of modern technology based on new, high resolution seismic
data and a contract has been awarded to Geofizyka Toruń, the same contractor
that acquired the Cambay 3D survey, for the acquisition of 18.4 sq kms of 3D
seismic data over the Bhandut block area. Acquisition is expected to be
completed by the end of February 2007. These data will be used to refine our
redevelopment plan for the field. Currently two wells are planned to be drilled
after the monsoon season early in fourth quarter 2007.

Sabarmati field - Oilex is Operator of Sabarmati Field with 40% participating
interest. This field is located on the outskirts of Ahmedabad, the largest city
in Gujarat and covers an area of 6 km2. The Sabarmati discovery well that was
drilled in 1984 by ONGC was located without the benefit of seismic data, on the
southern end of a prominent anticlinal trend of producing fields to the
immediate north of the block. With the exception of part of a single vintage
seismic line, there are no seismic data on the block. Oil has been produced
intermittently, at low rates from an Eocene interval in Sabarmati-1, the only
well on the block.

Oilex is investigating the possibility of acquiring a seismic survey over the
block in first half 2007. This survey, together with studies of the potential
increase in production capacity of the Sabarmati-1 well, will provide the basis
for further drilling, if justified, later this year.

Cambay field - Oilex is Operator of Cambay Field with 45% participating
interest. The 3D seismic survey acquired by Geofizyka Toruń late last year over
the entire contract area (160 km2) has been processed and the interpretation of
10 horizons is near to conclusion. An update on the forward work programme at
Cambay will be provided later this month.

thanks for the pointer, but (a) suspect this company is too small for me and (b) i do not want any more minnow E&P companies in my portfolio .... i already have GOO and CHP and VOG, all of which are losers .... but then so is BUR, though at least that is a genuine producer

OILEX LTD
QUARTERLY REPORT TO SHAREHOLDERS 31 DECEMBER 2006

HIGHLIGHTS

* Government of India approved assignment of interests in Bhandut, Sabarmati
(Oilex 40% Operator) and Cambay Fields (Oilex 45%, Operator), onshore
Gujarat, India.

* 2 wells drilled and suspended in first phase drilling programme on Cambay
Field with indications of hydrocarbons

* Testing and completion of Eocene EP IV potential reservoir interval in
Cambay-72 commenced January

* 3D seismic acquisition over Cambay Field completed in early December

* Cambay 3D data set is excellent quality - 22 locations selected for
potential phase 2 drilling programme of up to 8 wells in 2007

* 2-3 wells planned in Block 56, Oman Q3 2007

* 8 prospects mapped with potential volumes of 40 to 150 million barrels of
oil in place on EPP 27

* Negotiations continuing for drilling rig for EPP 27, offshore Otway Basin

* Retain cash resources of approximately A$14.8 million

5 February 2007

OILEX LTD

WEEKLY OPERATIONS UPDATE - CAMBAY FIELD TESTING

Oilex Ltd is pleased to advise of progress on the Cambay 72 re-entry and test
programme in Cambay Field, Gujarat, India.

John Energy's rig "John-50-V" commenced moving to the Cambay-72 well-site on
January 20 2007 and initiated re-entry operations on January 22 on a 12 hour
day basis.

Since last week's report, wireline logging operations have been completed, the
completion assembly was run, surface equipment tested and intervals
1761.5-1760.5 Measured Depth (MD), 1759.5-1756.5 MD, 1754.5-1751.0 MD and
1748.0-1745.5 MD perforated. Surface measurements indicate that the well has
commenced flowing oil and gas. The well will be observed for several days while
the natural flow potential of the Eocene reservoir is assessed before
initiating stimulation operations.

Depending on the results of this test of the Eocene section, a testing program
may also be carried out on shallower Oligocene reservoirs which had indications
of hydrocarbons while drilling.

morning all, nice start to the day !

This will reach 100p soon

not sure if you did mention this company to me last week, but if so, i obviously forgot to check it out ..... not that i would have bought as have more than enough oilies, some quality of sorts (TLW and BUR) and others of almost zero quality (CHP, GOO and VOG)!

Cynic, see above (post 13) too bad you forgotten but still not too late.

quite right .... chart momentum very strong ..... obvious resistance is at all time high of about 82.5p .... pretty hefty spread at (seemingly) 4p

OILEX LTD


19 February 2007


WEEKLY OPERATIONS UPDATE - CAMBAY FIELD TESTING

Oilex Ltd is pleased to advise of progress on the Cambay 72 re-entry and test
programme in Cambay Field, Gujarat, India.

Background - Cambay-72 was drilled in September 2006 and its location was
selected from maps made prior to the acquisition of the 3D seismic survey. The
primary target was the potential Oligocene oil reservoir from which good shows
of oil were recorded while drilling and subsequently confirmed by wireline
logs.

Indications of oil and gas in poorer quality reservoir were also recorded from
the deeper, over-pressured Eocene EP IV interval and the opportunity has been
taken to acquire pressure and fluid data from this unit in the current test
programme. The Oligocene potential oil reservoir will be tested in due course.

Operations - During the past week, the perforated interval in the Eocene EP IV
reservoir was successfully fracture stimulated and the well has been monitored
while flowing to surface through a separator into a temporary oil storage tank.
After the initial clean up period, the average oil flow rate is now
approximately 70 barrels per day of 40 degree API oil with a gas to oil ratio
of 260 standard cubic feet of gas per barrel of oil. Although the amount of
water produced with the oil is now below 10% on average of the total fluid
volume (oil plus water), a stabilised oil flow rate has not yet been
established.

Operations Forecast - Monitoring of the production performance of the Cambay-72
well will continue until the flow rate is optimised at a stable, sustainable
level. Evaluation of the commercial potential of the EP IV reservoir is
continuing as the results of the test programme are integrated into the field
mapping studies.

Oilex is very pleased with the results to date of the fracture stimulation of
the EP IV in Cambay Field. The procedure has resulted in an increase in oil
flow rate by approximately seven times the initial natural flow rate reported
last week. This is a substantial increase in productivity and the information
derived from the test will provide an excellent basis for the design of the
drilling and completion programmes for future EP IV wells to achieve better
rates of oil production.

It's nice to keep hearing news but i'm still waiting for that all important news then we should see these shares go like a rocket and also talk of a takeover.

26 March 2007


WEEKLY OPERATIONS UPDATE -RESUMPTION OF TESTING PROGRAMME, CAMBAY-72,
CAMBAY FIELD, INDIA

Oilex Ltd, Operator for the Cambay Field Joint Venture, is pleased to advise
that the re-entry and test programme for well Cambay-72 in Cambay Field,
onshore Gujarat, India will be resumed this week.

Background - Cambay-72 was drilled in September 2006 and its location was
selected from maps made prior to the acquisition of the 3D seismic survey. The
primary target was the Oligocene OS II sandstone potential oil reservoir,
estimated to be about 16 metres (gross) thick at this location. Good shows of
oil were recorded while drilling and subsequently confirmed by wireline logs.
The interpretation of the 3D seismic data at the OS II marker over the Western
High area confirms a similar depth to structural closure.

Indications of oil and gas in poorer quality reservoir were also recorded from
the deeper, over-pressured Eocene EP IV interval. Pressure and fluid data from
this unit were acquired in a test programme that was conducted in February
2007.

The Cambay Field Joint Venture has approved a programme to conduct a cased hole
test of the Oligocene OS II sandstone, the primary objective of the Cambay-72
well.

Operations - The John Energy 50MT work-over rig has been mobilised to the
Cambay-72 location and is currently rigging up preparatory to re-entering the
well and initiating testing operations.

Operations Forecast - Following wireline logging operations to confirm cement
and casing integrity, a completion assembly will be run, surface equipment
installed and the interval 1514 -1520 metres perforated. Reservoir fluids will
then be allowed to flow into a surface separator while the production potential
and fluid properties of the OS II reservoir are assessed.

OILEX LTD

2 April 2007

Centralised Company Announcements Office

Australian Stock Exchange Limited

10th Floor

20 Bond Street

Sydney NSW 2000

Dear Sir,

subject: WEEKLY OPERATIONS UPDATE -TESTING PROGRAMME, CAMBAY-72, CAMBAY FIELD,
INDIA

Oilex Ltd, Operator for the Cambay Field Joint Venture, is pleased to advise of
progress on the re-entry and test programme for the Oligocene OS II reservoir
in the Cambay-72 well, onshore Gujarat, India.

Background - Cambay-72 was drilled in September 2006 and its location was
selected from maps made prior to the acquisition of the 3D seismic survey. The
primary target was the Oligocene OS II sandstone potential oil reservoir,
estimated to have a gross thickness of 16 metres at this location.

Pressure and fluid data were acquired in a test programme of the deeper Eocene
EP IV reservoir conducted in February 2007. Production from this zone has
continued while planning was carried out and approvals obtained for the OS II
test programme.

Operations - Since last week's report, the John Energy 50MT work-over rig has
been set up on location, surface equipment installed and tested, oil production
from the EP IV interval terminated and activities to condition the mud system
and clean the well bore for safe operations are almost complete.

Operations Forecast - A packer will be set to isolate the deeper, productive EP
IV interval, the test string run and the interval 1514-1520 metres (measured
depth) perforated early this week. Reservoir fluids will then be allowed to
flow into a surface separator while the production potential and fluid
properties of the OS II reservoir are assessed.

Participants in the Cambay Production Sharing Contract are:

Joint Venture Party Participating Interest

Oilex (Operator) 45%

Gujarat State Petroleum Corporation Ltd 55%

Oilex says Sabarmati-1 well to be put on production early this week
AFX

LONDON (Thomson Financial) - Oilex Ltd said in a weekly operations update that a pumping unit will be installed at the Sabarmati-1 well in Gujarat, India early this week and the well put on production.

The John-50-VI workover rig is currently moving off the Sabarmati-1, along with sand control and other essential equipment, to the Cambay-72 well site in order to resume tests on the sandstone, Oilex said.

Oilex says Indian ops resume; secures land-drilling rig for up to nine months
AFX


LONDON (Thomson Financial) - Oilex Ltd said the pumping unit has been installed at the Sabarmati oil field in Gujarat, India and the well is now producing an increased rate of 97 barrels of oil per day (plus water), which is at the upper end of its expectations.

The oil and gas exploration company added it has resumed remedial operations at the Cambay oilfield and is installing equipment prior to restarting tests.

Oilex, which has a 40 pct participating interest in Sabarmati and 45 pct in Cambay, said it is sharing costs in proportion to its interests along with its joint venture party, Gujarat State Petroleum Corp.

The company also said it has secured a land-drilling rig for nine months with an option to extend the contract for up to two years.



TFN.newsdesk@thomson.com

rsh/tsm/ic

en passant, i noticed that this company had been added to the Heaven & Hell portfolio in Saturday Telegraph

Thanks for that Mr C. Looks like something is stirring.

A sea of blue on Level 2 as well. Nice start to the month. Anyone know the background to India Hydrocarbons Ltd, the Company in the latest RNS?

28 May 2007


OILEX FARMS IN TO WEST KAMPAR PRODUCTION SHARING CONTRACT, INDONESIA

Oilex Ltd, through a wholly owned subsidiary, has entered into an agreement to
acquire a 45% interest in the West Kampar Production Sharing Contract (PSC),
onshore Sumatra, Indonesia from PT Sumatera Persada Energi (SPE). The block has an existing oil discovery that can be brought into production quickly if justified by appraisal drilling and a number of highly prospective structural trends that will be the subject of an intensive exploration program.

The consideration for this interest includes Oilex refunding certain past costs
and funding the drilling of the Pendalian-3 exploration/appraisal well, planned
for July 2007, and the acquisition of 2D and 3D seismic work commitment programs.

Subject to approvals from the Government of Indonesia and certain other
conditions precedent, the participating interests in the West Kampar PSC will
be:

Joint Venture Party Participating Interest

Oilex 45%

Sumatera Persada Energi (Operator) 55%

West Kampar PSC - The contract area is located in central Sumatra adjacent to
the most prolific oil producing province in Indonesia (Figure 1). Awarded in
October 2005, the PSC work program commitment provides for the acquisition of
250 kms of 2D seismic and 50 sq kms of 3D seismic along with drilling of the
Pendalian-3 well and an additional 4 exploration wells by November 2008.

SPE - SPE is an Indonesian oil and gas company which is part of the PT Asiabumi
Petroleo group, a diverse private company with interests in crude oil shipping
amongst other activities. It acquired the PSC in its own right as operator in 2005 as a relative newcomer to the Indonesian exploration and production scene. SPE employs regarded industry professionals with substantial experience in the upstream oil and gas sector in Indonesia gained while working with international companies over a number of years.

Pendalian-3 - The Pendalian-3 well planned for July 2007 will appraise the oil
field discovered in 1993 by the Pendalian-1 well, a cored slim hole which
encountered a number of oil zones at depths ranging from 250 metres to 500
metres. Two of the zones flowed oil from drill stem tests in Pendalian-1 with
maximum rates achieved of up to 530 barrels of oil per day. Independent
technical work by Oilex indicates that the best estimate of the "in place
resource" for the field is 12 million barrels of oil.

If commercial productivity is confirmed by the extensive cased hole testing
program planned for the conventionally drilled Pendalian-3 well, the West
Kampar Joint Venture plans to acquire a 3D seismic survey over the Pendalian
Field and a number of satellite structures and to accelerate development.
Shallow, low cost wells and the proximity to infrastructure are attractive
incentives for the rapid development of the field. Early cash flow generated by
Pendalian production will be applied to the exploration of highly prospective
trends that have been recognized on the block.


Figure 1 Location of West Kampar Production Sharing Contract, Sumatra
Indonesia, showing oil discoveries. (Please refer to the Oilex Website for colour figures).

Exploration Potential - The proposed 2D seismic exploration program will delineate additional drillable prospects on proven exploration plays in the West Kampar PSC area, particularly on the Daludalu structural trend in the northern part of the block. Currently available data indicates that the Daludalu-1 well tested oil at a rate of 250 barrels per day and other wells on this trend had oil shows. Tonga-1, adjacent to the northern West Kampar block boundary tested oil at a rate of 1560 barrels per day and fields discovered on analogous structural trends in adjacent areas have produced up to 300 million barrels of oil.

Comment - Oilex is excited by the prospects in this new area within our designated Indian Ocean Rim sphere of operations. We are particularly pleased with the opportunity that West Kampar offers to move rapidly into production as we seek to expand our interests in Indonesia.

at Darradev's request, a chart below ...... it really is very messy, and as for the stock, i personally would not touch it with a bargepole having looked at the spread (4p) and that though only 143k were traded yesterday, sp moved by 3p ..... all the hallmarks of a very very illiquid stock, trading in which is fraught with great danger.

Thanks Mr C. I concur that the trading volumes have been low and that short term trading is therefore higher risk. I am looking at this as a medium term investment (1-2 years) with the following rationale for investing:

Global demand for this 'product' continues to strengthen.
Mixed 'oily' Portfolio with production, near production and exploration assets in India, Oman, Indonesia, Timor-Leste.
Planned and funded exploration and development programmes for 2007 and 2008.
Competent management team including ex Cairn staff.

I sincerely hope that I will not get my 'bargepole' stuck in the mud on this one but am clear headed enough to realise that the journey will not be without the odd 'challange'.

(Still in SCHE by the way, but keeping a close eye on the trend. Would like to see 600 prior to any down swing, but maybe that's being optimistic)

Mr D .... will post when/if i sell SCHE ..... am actually away next week and though only in france (biz!) am staying in a small hotel so may not get i'net link

Thanks, hope the biz trip is successful. Watch those travel miles, the 'carbon police' will be after you.

Sorry, but I really can't be arsed to read through all the RNS stuff etc etc, unlike Cynic I like the chart with a few reservations, anyone care to give a precis of where OEX actually are at the moment? Many thanks

pth

A prima dona in full swing no less.

Oh dear the thrush dickhead has arrived here as well, looks like another thread has bitten the dust. Might be that he is following me around like a lost little twat, sorry guys I won't post here again if that's the case. He's ruined every thread he's been on and I wouldn't wish to be even partly responsible for the same happening to yours.

pth

What a sad sorry person you are!


Lets get this right as I recall it was you who started on me with your childish name calling. as I had no cause to come to you.

However look on the brighter side, when a person starts name calling its a sign of weakness, ad when they cant recieve the same and start to cry---its a sign of a baby.

We are here to discuss stocks and to make money.

I have taken a lot of crap here, and smiled, but there is somethng really offensive about you little man, therefore I suggest we arrange to meet so you can throw your insults in person, much better than hidding behind a screen dont your think?

Contact me at davidbrrokthomas@yahoo.co.uk

And let us see what really makes you tick!

So you cant be arsed about by someone asking you for help---who the hell do you think your are.

You Sir have the language of the gutter and your insulting profane posts should see you banned until you find a civil tongue.

Sad but true you are so typical of the crassness in British society today.

David10B, I have hesitated slightly on posting this especially as ptholden can fight his own corner....however, in his posting 15 Jul 2007 21:07 - 37 of 40 he is the one who is actually asking for help....because he can not be bothered to read the rns for Oilex.

Good morning Bluelady I trust you are well.

You may be right you may not but I do not think that th8is person phraseology is appropriate as in.

Sorry, but I really can't be arsed to read through all the RNS stuff etc etc,

I dont come here to read profanity, not do I want in , via the Internet in my home.

Besides to me the use of such is clearly a physchological key; what I find when I turn it is rather repulsive, and is further illuminated?reinforced by the continue flow of other profanities with which he appear to be comfortabe in teri useage.

Its all very sad really as if I possessed the knowledge that he obviously does, and came here, I would be pleased rather then Ar%%%d to put myself out to help others.


Besides I always advocate that one should DYOR before opining on anything, let alone a financial instrument such as a stock.

Maybe this will stimulate some interest ! Bit of a news update.

http://www.moneyam.com/action/news/showArticle?id=2123252

Original news release from the Mumbai (Bombay) Stock Exchange:

http://www.bseindia.com/qresann/news.asp?newsid=94DA5135-FB0B-42E7-B7BA-39E7DD530C3B

Looks like the survey/processing work was done by a UK Company. The Indian Partners are all highly respected entities in their own right.

This is very promising in my view.

Morning all. An update from the OEX team. 'No new news Guv, honest !'


http://moneyam.uk-wire.com/cgi-bin/articles/20070726092958P6468.html

Morning all. New month, new news. In summary form:

Approvals for 6 drills in India.
Approval for 3 drills in Oman.
Seismic contracts in Oman and Joint Development Area (Australia-Timor-Leste)
Approval for 50 Million share placing
Cash Pile 66.8 million Aus Dollars.

Not bad for a wee AIM Co really. :-)

Looking forward to the news flow for the rest of the year.

http://moneyam.uk-wire.com/cgi-bin/articles/20070801070000P87DF.html

Morning all. Another new month and confirmation of schedule for commencement of drilling activities for Indonesia, India and Oman. With current SP in the 50's, would anticipate some positive movement in the coming months.

http://moneyam.uk-wire.com/cgi-bin/articles/20070906070000P70C8.html

06 September 2007

DRILLING OPERATIONS UPDATE - INDONESIA, INDIA, OMAN

Oilex Ltd is pleased to advise of progress on near term drilling activities
that will occur in three countries this year - Indonesia, India and Oman.

* Drilling of Pendalian-3 in Indonesia is now due to commence later this
month;

* Drilling of Bhandut-2Z due to start this month followed by Cambay-23Z and a
continuous 9 month program in India; and

* 3 wells in Oman commencing in November under a drilling contract now
confirmed.

INDONESIA, WEST KAMPAR PSC

The Operator Sumatera Persada Energi ("SPE") has advised that mobilization of
the drilling rig has been hampered by washout of narrow access roads caused by
heavy monsoon rains and the operations on site have, consequently, been
proceeding slowly as the rains continue to retard progress. The materials and
most of the equipment are on site and rigging up has commenced in preparation
for spud of Pendalian-3 well in due course.

The Pendalian-3 well will appraise the oil field discovered in 1993 by the
Pendalian-1 well, a cored slim hole which encountered a number of oil zones at
depths ranging from 250 metres to 500 metres. Two shallow zones in the Sihapas
Sandstone flowed oil from cased hole tests in Pendalian-1, one at 530 barrels
per day.

Participants in the West Kampar Production Sharing Contract are:

Joint Venture Party Participating Interest

Oilex 45%

Sumatera Persada Energi (Operator) 55%

INDIA - BHANDUT AND CAMBAY FIELDS

The Cambay and Bhandut Joint Ventures have been successful in procuring a rig
and services to commence drilling at Bhandut and Cambay Fields ahead of the
delayed arrival of the rig that was contracted in May and the subject of
earlier announcements. The rig is owned by Quipo Oil & Gas Infrastructure Ltd
an Indian company that has been operating in Gujarat. The deployment of this
rig will enable the drilling of 2 or more wells that will assist with the
assessment of reserves potential at the earliest opportunity.

The program is expected to start on or about 17 September. Under the terms of
the rig contract the Joint Venture has the option to drill up to 5 wells.

Bhandut Field - The first well in the sequence will be Bhandut-2Z, a re-entry
and sidetrack of an existing production well that has produced oil at rates of
up to 200 barrels per day in the past. Currently it is producing at rates of
about 15 barrels of oil per day with a significant volume of water. The well
will be sidetracked to a structurally higher location and a 100m horizontal
wellbore will be drilled into the main reservoir unit. On the basis that the
water production can be terminated the well will be completed as a producer.

Participants in the Bhandut Production Sharing Contract are:

Joint Venture Party Participating Interest *

Oilex (Operator) 40%

Gujarat State Petroleum Corporation Ltd 60%

Cambay Field - The first wells in Cambay, to follow the Bhandut-2Z well, are
located to acquire modern fluid, pressure, core and wireline data in areas
where data quality is poor, particularly in the main basin where gas has been
tested and produced from old wells. The 2 wells that were drilled late last
year on the Western High Area were located without the benefit of the 3D
seismic and they tested oil from 2 zones. At present there are no modern data
from the gas-bearing horizons and in order to assess the development potential
of the gas resource, the primary objective of first wells at Cambay will be to
acquire the data necessary for confirming reserves and to test the seismic
anomalies that are interpreted to be direct indicators of gas.

Participants in the Cambay Production Sharing Contract are:

Joint Venture Party Participating Interest *

Oilex (Operator) 45%

Gujarat State Petroleum Corporation Ltd 55%

* The participating interests are subject to the approval of the Government of
India for the assignment of 8.33% interest from Oilex (currently 53.33%) to
GSPC (currently 46.67%). The parties are sharing costs in proportion to the
current participating interests.

OMAN, BLOCK 56

A letter of intent for the award of a contract for a drilling rig has been
issued to Abraj - Energy Holdings, an Omani company, for a drilling program
initially of 3 wells that is expected to start in November. The contract is for
3 firm wells and the Joint Venture has the option to drill up to 8 additional
wells.

Two of the first 3 wells are located in the western part of the block on
structures that appear to be of similar form to producing fields immediately to
the west in the South Oman Salt Basin. The third well will be drilled in a
remote area along a prominent geological trend that has not been drilled
previously. These locations were selected using the existing and reprocessed 2D
and 3D seismic data and are not contingent on the interpretation of the 1000 km
seismic acquisition program underway in the block.

The 2D seismic acquisition survey has started in the southwest part of the
block and is about 17% complete. The acquisition is expected to be finalised
about the end of October.

oops, forgot my manners, Morning all. OEX on a nice run at the moment and news to come.

Been on the back of these since last year when they broke the 83p mark.Now i hope they are returning back up that way,lets hope for some good news shortly and then i can start seeing some profit.

Morning all. Drilling ongoing in Indonesia with 13-ish days to go. Drilling about to start in India. Weekly news flow started.


http://moneyam.uk-wire.com/cgi-bin/articles/20071002070000P4150.html

Morning all. Positive movements overnight on ASX and a promising start today in the UK. Up at 73p mid price so far.

as (mini) minnows go, this one does not look too ridiculous ...... however, be very well aware that
market cap is only 48m
average trades average <10 per day
nms is only 3000 shares = < 2500
it follows that dealing in this stock carries intrinsic high risk through illiquidity.

chart is very encouraging, always assuming that crude prices stay at their current very high levels, and it is not impossible that the all time high of 80p will soon be challenged, though de facto, that is likely to be quite a (severe) resistance point ..... my own inclination, were i to be considering buying the stock (i'm not!) would be to wait for a bad day or two with sp coming back at least to 25 dma

cynic thank you, your efforts much appreicated . I've had this on my watch list
for sometime,has good management and is Isable. With drilling results (proven)from India in the not to distant future, could be a resonable punt. I'll hold back for the time being, and see how it pans out?
cyril

Morning all. Thanks for the chart Cynic.

Yesterday was a hard day with a 7%-ish fall. Not really warranted based on the ongoing drilling program, but there you go, the market knows best.

Anyway, am anticipating a strong recovery on OEX today, weekly news update should be out and am sure it will be positive.

Niceone... have you taken the plunge as yet?

FYI, I currently hold in an ISA.

Darradev,Still pondering,not happy with the markets at the moment so held back.
They have an operational update this morning which looks promising.
cyril

sp pretty much hit 25 dma for you yesterday! .... see my comment with the chart

cynic yes i looked long and hard, but i have this feeling that the Dow has not finished its fall yet,which may result in a reaction here?
From my ISA i recently sold my holding in OIL and i'm looking at 3 shares all Isable that look good at the minute,CEY,EEN and OEX. But until i'm satisfied, i'll play safe.
cyril

you may well be right about Dow though am currently long there, having taken a very tasty profit on FTSE short yesterday ...... shall be watching Dow very carefully and will prob shut that position today too on a hoped-for bounce and then stay neutral.

Evening all, now hit 80. Steady as we go. Plan-Do-Review.

http://moneyam.uk-wire.com/cgi-bin/articles/20071029070000P3D6C.html

http://moneyam.uk-wire.com/cgi-bin/articles/20071029070125P8FFA.html

Happy with todays, so i took out a position.
cyril

Afternoon all. Whilst the mood of FTSE and Dow is all 'doom and gloom', here is some pleasant news from the boys 'down under'

http://moneyam.uk-wire.com/cgi-bin/articles/20071109070000P98CE.html

78p and rising. All blue on level 2.

Darradev, yes nice to see it buck the trend. Works out about 320bopd to OEX at
the average output(800bopd)as we have 40% interest in this field, they have a contract to drill up to 5 wells with the rig.
cyril

Evening Cyril, aye it\'s coming together. Would like to see some positive developments on Cambay and then the real potential in Oman coming to fruition.

It\'s going to be an eventful 2008 for OEX.

Darradev
good morning, yes we have a very good portfolio of propects.Just a slight alteration to my previous post, actually 45% share for
this project.So we have a further 40bopd making 360bopd, every little helps.
cyril

Jumped ship this morning onto brr hope this can bring some profit.

http://www.zawya.com/Story.cfm/sidZAWYA20071113041418/SecCountries/pagOman
Alasthe thread does not give up the info.
A contract has been signed with Abraj Energy Services to drill at least 3 wells in block 56 during the next 12 months, with a option of a further 2 6 monthly extentions.
Wells 1500/3000mtrs deep.
cyril

Also drilling news out.
http://www.asx.com.au/asxpdf/20071119/pdf/315wtnpcgjz0d8.pdf
cyril

Afternoon Cyril, looks like the Indonesian well test flowrate results are creeping up with each zone tested.

Further Oman news later in the month or December as well maybe.

Still 'in'.

Beware...the sp is drifting downwards. I would sell now at 70p and buy later.

hlyeo98 don,t you think it worth holding for news of DST-5 later this week? It'll
be the market conditions which could drag this down if anything does.
cyril

http://www.investegate.co.uk/Article.aspx?id=20080102070000P482E
Some news at last.
cyril

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=CF24VIKYTCZTLQFIQMFCFFOAVCBQVIV0?xml=/money/2008/01/06/cxquest106.xml
Can't get this to work? a good write up in todays telegraph.
Recommend BUY at 72.5p
cyril

http://www.investegate.co.uk/Article.aspx?id=20080108070000P5601
So a week on Friday should reach T/Depth?
cyril

http://www.investegate.co.uk/Article.aspx?id=20080115070000P60A8
About 3 days to T/Depth at this rate?
cyril

Positive indications on the latest RNS. Let's see what the next one brings.

http://moneyam.uk-wire.com/cgi-bin/articles/20080115070000P60A8.html

http://www.investegate.co.uk/Article.aspx?id=20080122070000PD5A3
Total depth reached and logging, was hoping for a result to bring some a welcome cheer at this moment in time.
cyril

http://www.investegate.co.uk/Article.aspx?id=20080125070000P1ABF
Although still to prove up, this news seems to give out positive signals and makes
for a good punt, OEX has been tipped a lot for 2008.
cyril

Market likes the news, up 13.4%.
cyril

Serveral brokers are upbeat about OEX, a typical analysis.
http://www.oilex.com.au/download.cfm?DownloadFile=C8051C2C-E7F2-2F96-37FBE6760C837A4F
cyril

Oops, double post, apologies.

Morning Cyril, a positive note from Hartleys indeed. I have read through it and the Share Price Valuation is also very encouraging. There seems to be very little priced in for Oman or other exploration potential, only A$0.2 per share from a valuation of A$2.78.

I still hold in an ISA.

News posted on the web site.
http://www.oilex.com.au
cyril

Up 6% on ASX due to news $1.45au = 67p
http://www.asx.com.au/asxpdf/20080225/pdf/317mppy7gftlnd.pdf
cyril

Morning Cyril, yes and good start to the week in the UK as well, up 8% or so.

This is a zone of thick oil I believe and there are other zones still to test.

I have noticed in the past that Oilex seem to underplay their news releases, so the word 'pleased' in it is more than encouraging (for me anyway).

Let's see what the other zone test results bring.

Interesting one...any idea what the market cap is anyone ?

77.78M
cyril

RF this company qualifies for an ISA.
cyril

Thanks for the info !

I doubt if Barclays will allow this one in an Isa...This does not report in Pounds Sterling like JLP does...that as well as being dual listed is one of their conditions for an Isa...I bought in this morning...I must hope for more good news now !

Afternoon RF, aye you are right with regards Barclays, don't know why though, I would have thought that it was HM Gov. that decided such things. Anyway it seems to be 'OK' for other ISA providers. I have this one in an ISA with 'IWeb' the HBOS version, no problem.

Ain't it funny how we can't get consistency on even these simple things. :-)

Onwards and upwards from here I hope.

Final results can be found on their Web site.
cyril

Nice article!

Click HERE

Afternoon all. Good, positive article indeed Andy.

I see the results are showing a larger loss than last year. It never ceases to amaze me how sometimes shares 'tank' on great results and 'fly' on increased losses. Wonder if that will happen here. I suppose it all becomes academic if the field development plans unfold as they are intended.

OEX has a good spread of 'remedial', 'development' and 'exploration' assets in my view.

The one thing this company does well...is that it keeps you up to date !

Proactiveinvestors have written an article re OEX, CLICK here

Maybe this will get OEX on the radar screens.

:-)

Back at 46p...weakness prevails.

Aye, and with oil on the decline, this will need further positive reports to move it up. Still holding.

Best company for updates....(merits some Aim award for that), still in and hoping it will come right in the end.

34p now...as I've said earlier. It will go to 20p range.

Not being an oil expert....so this is a guess....I would have thought that a 60m gross oil pay zone is a lot....perhaps this well may exceed expectations by a lot !. Looks undervalued this share !.

The well being in Oman.

A glimmer of blue in a sea of red. More positive news to come?

Ridiculous drops everywhere....!, what can one say ?, nothing makes sense....! even the oil drop is way overdone now !.

Yes! Below 20p now as I predicted in August above.

Excellent updates by this little known oil company.....but with oil dropping : the market is failing to mark the sp up !.

13.5p now...falling constantly.

Devlin this is the thread to follow no need to start another one for OEX !.

Big losses for Oilex


Oilex incurred a consolidated loss after income tax of
$32,633,462 for the half-year (31 December 2007: loss of $6,721,880). The
significant decrease is mainly due to; a write down of capitalised exploration
and evaluation expenditure following a revaluation of asset carrying values at
the balance sheet date ($17,103,297), increased exploration expensed
($8,010,254) principally from major seismic programmes in Australia,
Timor-Leste and Indonesia, and a net loss on sale of the investment in BOW
Energy Limited shares ($4,317,320).

I remembered this one which was once compared to Cairn Energy. Its Cambay oil field, Bandut and Sabarmati in Gujarat province all come to nothing much.

talk of big upgrades in India reserves i've bought more.

.

65% gain :-))

They chase it to 21p on the news and now it's 10p bid again, bet the advfn
pump and dump mob were laughing at that one.

Guess it's time to watch more closely for a entry point.

Too easy this, buy when nobody else wants them sub 11p and now look at the
herd chase it when it's up a double digit % :-))

2 May 2011
La Rocca-1 well spuds on WA-388-P, Offshore Western Australia

Oilex Ltd advises that the "Ocean Patriot" rig has arrived at the La Rocca-1 well location and the well was spudded at 3:20 hours
(WST) on 30 April 2011.

Report date: 1 May 2011

Status: Commenced picking up drill pipe

Operations: * Spudded well

* Drilled 660mm / 914mm hole from 422 metres to 468
metres.

* Ran & set 762mm (30") casing

Water depth 401 metres

Objectives Intra Mungaroo channel zone

Planned total depth Approximately 5,100 metre(TD):

Days to TD: 41 days on a trouble free basis

23 May 2011
La Rocca-1 Well, WA-388-P Offshore Western Australia Report NO 4

Oilex Ltd has been advised by the Operator that as at 0600 hours on 22 May 2011, the La Rocca-1 well has drilled to a depth of 3,579 metres and is drilling ahead. It is anticipated that the objectives could be intersected within the next few days.

Report date: 22 May 2011

Status: * Drilling ahead below 3.579

Past Week's Operations: * Drilled 311 mm (12 ") hole to 3,478 metres and
ran 244 mm (9 ⅝") casing

* Cemented and tested casing

* Drilled 216 mm (8 ") hole from 3,478 metres to
3,579.0 metres

Oilex Ltd
La Rocca-1 Well WA388P Western Australia Update

25 May 2011

La Rocca-1 Well, WA-388-P Offshore Western Australia - Update
Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) has been advised by the Operator that
the La Rocca-1 exploration well has reached total depth of 4,864 metres after
drilling through the Intra Mungaroo Formation channel sandstone primary
objective. There are no indications of gas in the LWD and mud log data and
final wireline logs will now be run.

StockMarketWire.com
Oilex Ltd advises that the Cambay-76H horizontal well was spudded at 00:00 hours (WST) on 8th June 2011.

The Cambay-76H "proof of concept" well will evaluate the production potential of the Y Zone interval of the extensive Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract ("PSC") in Gujarat State, India.

It is estimated that the well, which includes a 610 metre lateral section, will take approximately 35 days to drill and complete. An 8 stage fracture stimulation program of the Eocene "tight" reservoir Y Zone will then be conducted.

After well clean-up, it is anticipated that a long term production test will be performed to determine flow rates, quality of hydrocarbons and commercial viability.

StockMarketWire.com
Oilex Ltd advises that at 14th June 2011 the Cambay-76H horizontal well was drilled to a depth of 601 metres and is preparing to drill ahead.

The Company insists it is making progress in unlocking the potential of the Cambay "tight" Eocene reservoirs that extend across the 161 km2 Cambay Production Sharing Contract area in onshore Gujarat, India.

The Company intends to evaluate and exploit these reservoirs using horizontal drilling and fracture stimulation technology that has been developed and proven in North America.

The Cambay-76H "proof of concept" horizontal well will evaluate the production potential of the Y Zone interval of these "tight" reservoirs. An 8 stage fracture stimulation program will be conducted and after well clean-up, it is anticipated that a long term production test will be performed to determine flow rates, quality of hydrocarbons and commercial viability.

StockMarketWire.com
Oilex has announced that its Cambay-76H horizontal well in India was directionally drilled as planned to casing point at 1,595 metres.

The company is making progress in unlocking the potential of the Cambay "tight" Eocene reservoirs that extend across the 161 km2 Cambay Production Sharing Contract ("PSC") area in onshore Gujarat, India. It intends to evaluate and exploit these reservoirs using horizontal drilling and fracture stimulation technology that has been developed and proven in North America.

The Cambay-76H "proof of concept" horizontal well will evaluate the production potential of the Y Zone interval of these "tight" reservoirs. An 8 stage fracture stimulation programme will be conducted and after well clean-up, it is anticipated that a long term production test will be performed to determine flow rates, quality of hydrocarbons and commercial viability.

StockMarketWire.com
Oilex Ltd is making progress in unlocking the potential of the Cambay "tight" Eocene reservoirs that extend across the 161 km2 Cambay Production Sharing Contract ("PSC") area in onshore Gujarat, India.

The Company intends to evaluate and exploit these reservoirs using horizontal drilling and fracture stimulation technology that has been developed and proven in North America.

The Cambay-76H "proof of concept" horizontal well will evaluate the production potential of the Y Zone interval of these "tight" reservoirs.

An 8 stage fracture stimulation program will be conducted and after well clean-up, it is anticipated that a long term production test will be performed to determine flow rates, quality of hydrocarbons and commercial viability.

StockMarketWire.com
Oilex Ltd advises that on 5th July, 2011 the Cambay-76H horizontal well was drilled to a total depth of 2,740 metres and the completion string has now been run successfully.

The drilling rig will now be demobilized in preparation for mobilizing the multi-stage fracture stimulation equipment and related services.

13th July 2011

Cambay-76H "Tight" Reservoir Well Report No 6

Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) advises that operations are continuing to demobilise the Black Pearl rig and associated drilling equipment.

Mobilization of the equipment required to conduct the large volume multi-stage fracture stimulation of the Y Zone tight gas reservoir is near completion and rigging up is progressing. In total, 16 zones will be stimulated in 8 stages over the length of the horizontal section of the well bore (approximately 600 metres).

20th July 2011
Cambay-76H "Tight" Reservoir Well Report No 7
Oilex Ltd advises that the mobilization and rigging up for the large volume multi-stage fracture stimulation of the Y Zone tight gas reservoir is progressing well and all equipment is expected to be on site and rigged up within the next few days.

The demobilisation of the Black Pearl drilling rig is also nearing completion.

After rigging up of the fracture stimulation equipment is completed, a fracture stimulation program comprising 8 stages with two fracture initiation points per stage will commence. The well will then be flowed to surface to clean up, removing stimulation fluids from the well bore prior to conducting the flow test.

The monsoon season has commenced in Gujarat and the progress of operations is contingent on variable weather conditions. To date there have been some minor interruptions to activities due to weather.

27th July 2011

Cambay-76H "Tight" Reservoir Well Report No 8
Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) advises that the mobilization for the
large volume multi-stage fracture stimulation of the horizontal Cambay-76H well
has been completed with all equipment now on site and rigged up. The Black
Pearl drilling rig has been fully demobilised from site.

In preparing for the start of the fracture stimulation program; a test of all
surface equipment has been conducted, mixing of chemicals and loading of
proppant and water to tanks is underway and coiled tubing operations are being
completed.

The fracture stimulation program will comprise eight stages with two fracture
initiation points per stage. The well will then be flowed to surface to remove
stimulation fluids and clean up the well bore prior to conducting the flow
test.

The Cambay-76H "proof of concept" horizontal well is evaluating the production
potential of the Y Zone interval of the extensive Eocene "tight" reservoirs in
the onshore Cambay Production Sharing Contract ("PSC"), Gujarat, India.

3 August 2011

Cambay-76H "Tight" Reservoir Well Report No 9
Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) advises that the first stage of the
large volume multi-stage fracture stimulation program of the horizontal
Cambay-76H well has been completed successfully and the second stage is now
under way.

The fracture stimulation program comprises eight stages with two fracture
initiation points per stage. After completion of the fracture stimulation
program the well will be flowed to surface to remove stimulation fluids from
the well bore (well clean-up phase) and then a flow test will be conducted.

The Cambay-76H "proof of concept" horizontal well is evaluating the production
potential of the Y Zone interval of the extensive Eocene "tight" reservoirs in
the onshore Cambay Production Sharing Contract ("PSC"), Gujarat, India.

StockMarketWire.com
Oilex Ltd has advised that all eight stages of the fracture stimulation program of the horizontal section in the Cambay-76H well were pumped successfully and according to plan.

The well is currently being prepared for flow to surface to remove stimulation fluids from the formation (well clean-up phase). After the completion of the clean-up operations a flow test will be conducted.

The Cambay-76H 'proof of concept' horizontal well is evaluating the production potential of the Y Zone interval of the extensive deep Eocene reservoirs in the onshore Cambay Production Sharing Contract area, Gujarat,India.

17 August 2011

Cambay-76H "Tight" Reservoir Well Report No 11
Oilex Ltd advises that the well is being prepared for well clean-up flow and production testing. The well is currently being flowed to surface to remove stimulation fluids from the eighth fracture stimulation stage and hydrocarbons are being flowed intermittently to surface along with the stimulation fluids. Milling operations to open up the remaining seven fracture stimulation stages have started. After the completion of the clean-up operations a flow test will be conducted.

The Cambay-76H "proof of concept" horizontal well is evaluating the production potential of the Y Zone interval of the extensive deep Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract area, Gujarat.

24 August 2011
Cambay-76H "Tight" Reservoir Well Report No 12

Oilex Ltd ("Oilex" ASX: OEX, AIM: OEX) advises that operations to prepare for
well clean-up flow and production testing are continuing. Some delays have been
experienced during coil tubing unit interventions to open up the remaining
fracture stimulation stages.

After clean-up operations a flow test will be conducted.

31 August 2011

Cambay-76H "Tight" Reservoir Well Report No 13
Oilex Ltd advises that operations to prepare for well clean-up flow and production testing are continuing. The coil tubing unit was not able to retrieve milling tools being used to open the second fracture stimulation stage. Consequently, it is planned to mobilise a work-over rig to the well location to retrieve the milling tools. Following this, operations will resume to open up the remaining fracture stimulation stages so that clean-up operations and a flow test can be conducted.

The Cambay-76H "proof of concept" horizontal well is evaluating the production potential of the Y Zone interval of the extensive deep Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract area, Gujarat, India.

Oil & Gas Sector: Oilex up after successful operation to retrieve equipment at Cambay well


Shares in Oilex (LON:OEX) jumped after it revealed a successful operation to retrieve the stuck milling assembly and coiled tubing at the Cambay-76H horizontal well onshore Gujarat, India.

Oilex said the well was currently being prepared for resumption of milling of the seven remaining fracture stimulation stages and when this operation was completed, production tubing would be run and the well would be flowed to surface for clean-up and production testing.

waiting for the right time to buy

Placing was underwritten and was around 100% dilution at 2p so I'm seeing 1180m and a cap of around £16m, about £15m of that being cash

IMO both OEX and Zeta should grow up and settle their differences amicably and in compliance with Gov of India, without all the Aussie courtroom drama.

With India fast becoming a huge O&G consumer over the next few decades, both OEX & Zeta stand to benefit substantially from their partnership. OR is there more to this than meets the eye; are strategic and tactical moves being played out in pursuit of 'A Cunning Plan'.

Something does not smell right in this sudden turn of events.

IMO
DYOR
HAb