News

December 02, 2008

Oilex Has Some Good News From Its Cornerstone Cambay Asset in India and Some Mixed News From Its Oman Acreage

There has been some good news and some not so good news from ASX and AIM listed Oilex Ltd about its various assets in an operations update. First the not so good news, well perhaps mixed news are better words, comes from its acreage In Oman.

The Sarha-2 well in Block 56 onshore Oman which lies on the eastern flank of the South Oman Salt Basin was recently completed as a horizontal production well. An initial test was run over an extended interval of the Al Khlata reservoir and data obtained from that test indicate that the oil is of a heavier nature than that encountered in Sarha-1. Consequently, the well has been suspended pending further technical evaluation and the extended production test has been postponed. This was not...