Oilex Ltd was incorporated in Australia. Its operations are based out of five offices - our Perth head office, where geotechnical work, financial management and control are located; two in India focused on operations and government relations; and one in each in Muscat, Oman and Dili, Timor-Leste for field logistic, administration and finance support and government liaison. Currently Oilex's main country of operation for the purposes of AIM Rule 26 is India.

The Company is directing its efforts towards opportunities that have the potential to provide an exceptional return on investment. Our focus remains on searching for exploration and production assets in the prospective hydrocarbon basins of India , Australia - particularly in the Northwest Shelf and in the Timor Sea, and in the countries of Southeast and South Asia and near Middle East around the rim of the Indian Ocean. With eight permits/interests in prospective basins, Oilex has rapidly compiled a significant portfolio of oil and gas acreage that has a well-balanced mix of risk and reward.

Oilex now has interests in three field re-development and exploration projects in India; two exploration permits offshore Australia; one production sharing contract in the Joint Petroleum Development Area between Timor-Leste and Australia; one exploration and production sharing agreement onshore Oman and one production sharing contract onshore Sumatera Indonesia. Oilex is the operator of joint ventures comprising major Indian energy companies in all areas save for Indonesia. In Indonesia Oilex is non operator in a joint venture with an Indonesian company.

Website

http://www.oilex.com.au/index.cfm


Quarterly Report ( 31st October 2012 )

http://tinyurl.com/9ge6tx3

Good news!!!

Oilex Ltd is pleased to announce that Cambay-77H has reached TD at 2370m MD. The primary reservoir target (Y Zone) has been intersected on prognosis and increased gas readings similar to Cambay-76H indicate the reservoir is hydrocarbon bearing. A full suite of logs will be acquired subsequent to conditioning the wellbore, after which, the 4 ½ inch production casing will be set and cemented in preparation for a fracture stimulation programme.

In addition to drilling to TD, subsequent to the announcement on 8th April 2014, drilling operations have:

· Modified and tested the BOP for the 8 ½ inch hole

· Changed the drilling assembly to suit the 8 ½ inch hole size

· Weighted up the mud system for anticipated over-pressure in the reservoir

· Drilled out excess cement and retrieved some debris

· Drilled out of the 9 5/8 inch casing and conducted a formation integrity test (FIT)

· Directionally drilled into the Y zone reservoir section

Cambay-77H is offset 300m from the Cambay-76H horizontal well that underwent a successful multiple staged fracture stimulation programme along its 633m lateral section in 2012. However, it was suspended before testing due to downhole mechanical problems. Prior to suspending the well, gas and condensate flowed to surface during well control operations.

A shorter lateral section (350m) in Cambay-77H coupled with a conventional "plug and perf" method for fracture stimulation is expected to facilitate the primary goal of the well - recording hydrocarbon flow information at surface during a production test.

Oilex will continue to inform the market about progress during operations on a milestone basis

An announcement in relation to flow back and production testing will be dictated by the well response to the stimulation programme

A time gap between setting and cementing the 4 1/2 inch production casing and completion of mobilisation of the fracture stimulation spread is anticipated in order to minimise potential standby charges associated with demobilisation of the drill rig from site.

Managing Director of Oilex, Ron Miller, said;

"It is pleasing that drilling operations, following a mechanical disruption on the rig, have progressed relatively smoothly to TD. Based upon the required mud weight and gas readings, the primary reservoir target appears to exhibit the expected over-pressure and is hydrocarbon bearing. We look forward to acquiring logs to facilitate the full interpretation of the reservoir properties and securing the reservoir section behind the 4 ½ inch production casing."

All looking good! imho

lots of good news to come

A bit of movement on here this last few days.

Drilling complete, drill clearing off the site. Next step the entrance of the frack team.

The political changes should be beneficial too, though admittedly things won't alter much overnight.

Stick with it folks!... and top up when you can! (imho & dyor)

Creeping upwards again, but beware market sizes do fluctuate. A useful indicator of imminent price movements.

Useful survey report published earlier this morning. Hasn't frightened the horses......

Closed around the day's best.

Next step is the establishment of the fracking kit and commencement of said fracking. Should generate some good news flow in the near future.

A most interesting week, maybe helped along by reflecting on the upside of the recent survey report.

All progressing to plan:-

Oilex Ltd said Schlumberger equipment for the fracture stimulation programme at the Cambay-77H Well has started to arrive at site, and that other preparatory activities for the well have also commenced to ensure readiness for the Stage 1 fracture stimulation next week.

"The fracture stimulation mobilisation is taking slightly longer than forecast due to the duration of Schlumberger�"s prior commitment, which was out of Oilex�"s control," the company said.

"The close working relationship between Schlumberger and Oilex has enabled activities to now progress as planned. This should culminate with the production testing of Cambay-77H commencing in August 2014, after a flowback and well clean up period," it said.

May well be an interesting week. An announcement about the start of the frack operation could come at any time soon.

Pushing up strongly this afternoon before an easing into the close. Sign of expectations of imminent good news?

Another RNS to the effect that Magna has increased its already substantial stake here. Question now is, how far do they intend to take it?

Another quite respectable RNS out mid-morning. Showing progress as planned and moving quickly towards a formal flow test.

It's all shaping up good. Topped up this morning...much more to come methinks!

StockMarketWire.com
Oilex confirms significant progress in achieving proof-of-concept objectives for Cambay-77H.

These objectives are critical to demonstrating the Cambay Field can be commercially developed using multi-stage fracture treatments (fracs) in horizontal wells.

Cambay-77H has a very short lateral section of 350m with 8 fracs that were successfully completed in 4 stages.

Managing Director of Oilex, Ron Miller, said;

"Oilex's first mover strategy compares favourably to other successful companies that have been early entrants into newly identified tight/unconventional gas and oil plays.

"Delivering Cambay-77H with its proof of concept objectives is now almost complete. Upon completion of these objectives, Oilex will continue to focus on commercialising the Cambay Field and generating sustainable cash flow and profits for shareholders."

Highlights:

· Efficient drilling operations demonstrating the repeatability of targeting the Y zone

· Y zone reservoir properties are laterally consistent, having variability within expectations

· Successful completion of 8 fracture treatments

· Successfully demonstrated "Plug and Perf" completion technique in India

· First horizontal well in the Cambay Basin with multiple fracture treatments to achieve flowback

· Flowback data used to calibrate horizontal well model for the first time

· Future well designs may have wider frac spacing, leading to significant cost savings.

StockMarketWire.com
Oilex Ltd advises that its Share Purchase Plan (SPP) closed on 16 December 2014. Applications have been received for a total of approximately A$1,671,000 under the SPP (using the exchange rate applicable to the SPP of A$1:GBP0.55).

Underwriters Patersons Securities Limited and DJ Carmichael Pty ("Underwriters") have been notified of the resulting shortfall of A$829,000 which will be taken up by the Underwriters and sub-underwriters to the SPP. This will result in a total fundraise of A$2.5 million before expenses.

19 January 2015

Cambay-77H - Gas Sales Agreement Endorsed, Move to Production

Oilex Ltd is pleased to announce it has received endorsement from the relevant authorities of the Government of India (GoI) for the sale of gas from Cambay Field, specifically from the Cambay-77H well. This latest endorsement by GoI follows the announcements made by the Company on 15 July 2014 and 5 December 2014, in which it was reported that Oilex was authorised to sell gas from Cambay-73 and Bhandut-3 respectively. Today's announcement represents another important milestone for increasing production from the field and supplying gas to the local market, where users are currently paying a premium to Brent and WTI on an energy equivalent basis.

The Cambay Joint Venture will now establish the appropriate production facilities for Cambay-77H and initially connect Cambay-77H to a low pressure pipeline grid to service the local area. An approval to sell gas from Cambay-77H and Cambay-73 removes part of the contingency in the assessment of recoverable quantities of gas as Reserves.

Netherland Sewell and Associates Inc. (NSAI) prepared the Independent Resource Assessment contained in the Oilex announcement dated 11 October 2011. NSAI confirmed Contingent Resources within the Cambay Contract Area of:see link at BOP

Oilex has now engaged NSAI to prepare an updated Independent Resource Assessment based on the additional production and other acquired data. This update may result in some Contingent Resources being classified as Reserves.

Cambay-77H is the first horizontal multistage frac'd well to be successfully production tested in India. The production test results were announced by the Company on 8 December 2014 and are interpreted to demonstrate that commercial development of the Cambay Field is feasible. The test results and data from Cambay-77H have been incorporated into a comprehensive model and the initial modelling results demonstrate strong well economics - as announced on 12 December 2014. These well economics continue to be encouraging despite the sharp drop in oil prices since that date.

Oilex is now working towards putting three wells in two separate fields into production, during H1 2015. Oilex will recommence gas production in the Cambay Field for the first time since the early 1990's. Production from these wells will be a substantial step towards cash positive operations in India for the Company as a result of the strong gas demand and associated robust gas price structure. The outlook for the Indian economy remains positive as the cost of imported energy reduces, stimulating further growth.



Managing Director of Oilex, Ron Miller, said;

"We are very pleased to receive this endorsement from the Government of India to sell gas from Cambay-77H. The contracted price remains commercial-in-confidence, and revenue from Cambay-77H will significantly move the India assets towards our 2015 goal of cash flow positive operations. Gas demand remains strong in India and prices firm which helps cushion the recent fall in oil prices. Oilex looks forward to the next drilling campaign and having sufficient gas deliverability to consider delivery of pipeline quality gas to the high pressure grid located approximately 7 km from the field."

For and on behalf of Oilex Ltd

Ron Miller
Managing Director

http://www.moneyam.com/action/news/showArticle?id=4960525

21January 2015

ASX: OEX

AIM: OEX

Interview with Oilex Vice Chairman

Oilex Ltd provides an opportunity to watch a video interview with Oilex Vice Chairman, Mr Sundeep Bhandari.

The video can be viewed on the Oilex website: www.oilex.com.au under "Latest News".

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

https://www.oilex.com.au/investor-information/announcements/announcements-detail/2015/01/21/interview-with-oilex-vice-chairman---big-'opportunity'-for-oilex-in-india

28 January 2015

Appointment of UK Based Non-Executive Director



• Jeffrey D. Auld appointed as a UK based Independent non-executive director of Oilex Ltd

• Strong commercial and financial background in upstream oil and gas for 24 years




Oilex Ltd is pleased to announce the appointment of Mr. Jeffrey D. Auld (48) as a UK based independent non-executive director. Mr. Auld has over 24 years of experience in the oil and gas sector focused on financial and commercial management in upstream oil and gas development and production. His career spans working for a number of major financial institutions, including Macquarie Capital (Europe) Limited in London where he served as Managing Director - Head of EMEA Oil and Gas. Other financial institutions include Canaccord Adams Limited and Goldman, Sachs & Co.

In addition to tenure with financial institutions, Mr. Auld's experience includes corporate and commercial management in exploration and production companies such as LSE-listed Premier Oil Plc, PetroKazakhstan Inc. and Equator Exploration Limited. Mr. Auld currently holds directorships in AIM-listed Lansdowne Oil and Gas plc., Sabalo Energy Limited and Burnt Stick Advisors Limited.

Mr. Auld brings to the Oilex Board a wealth of experience and knowledge of capital markets and upstream development financing strategies. These skills are important for the next stage of growth for Oilex through increasing production at the Cambay Field in India after recently completing proof of concept activities on the Cambay-77H well.

Other than the information detailed in this announcement, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Chairman of Oilex, Max Cozijn, said;

"The appointment of Jeffrey Auld as a director of Oilex Ltd is a key step towards further raising the Company's profile in London and the AIM market. Having a director, experienced in the London Capital Markets and upstream industry, resident in the market, where a majority of our shareholders are based and shares are traded, will enhance the understanding and profile of Oilex. On behalf of all the directors, I welcome Jeffrey to the Board and look forward to his positive contribution to the ongoing development of Oilex."

http://www.moneyam.com/action/news/showArticle?id=4966243