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.

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.