Proactive Investors - Run By Investors For Investors

Oilex production dips in latest quarter

By the end, Cambay was producing 70 barrels per day on average
Oilex production dips in latest quarter
Cambay in India

India-focused oil and gas group Oilex (LON:OEX) produced 1,278 barrels equivalent in the December quarter as production from the Cambay field rose.

By the end, Cambay was producing 70 barrels per day on average though overall production was 115 barrels less than the previous quarter as the Bhandut Field did not come on stream due to a delay by the gas buyer in completing the pipeline installation.

The dispute with major shareholder Zeta Resources (10.3%)  remains on standstill until 1 March as the two parties explore a possible commercial resolution.

Cash at the end of the quarter was A$11.5mln (£5.75mln).


Register here to be notified of future OEX Company articles
View full OEX profile

OILEX LTD Timeline

June 24 2016
April 29 2016

Related Articles

November 23 2015
Production received a big boost from the joint venture that holds the East Ghazalat concession in Egypt.
November 02 2015
The Octant team has already delivered success with these assets, which were sold as part of US$101mln deal with Afren five years ago
picture of gas facility
September 08 2016
GDC is currently the only supplier of natural gas to Douala, Cameroon’s rapidly growing second city

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.