OEX 20.0% 0.6¢ oilex ltd

Your right Charl. There are several wells that were worked over...

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    Your right Charl.
    There are several wells that were worked over 2012/13 to increase liquids production - see references that I've unearthed below.

    I spent most of this afternoon downloading and searching through Oilex reports/documents trying to track down detailed information on Cambay 73H, oil flows etc. Ron has recently been referring to the close parallels between 77 and 73H - oil flow comparisons etc. The only reference that I've come across so far is at the bottom re 73H ~ 1km from C-76H & C-77H. Maybe I've missed the relevant document - but references to 73H seem to be as scarce as hens teeth.

    If anyone can throw some more light on 73H I'd really appreciate.

    Oilex Investor Presentation April 2013
    • 3 well work-overs
    − All completed successfully – “work the plan”
    − Target increased liquids production – cashflow
    • Restart Cambay-73
    − Sell small volumes of off-spec gas – cashflow
    − Obtain critical technical flow data

    CAMBAY WORK PROGRAMME & BUDGET APPROVED (10 April 2013)
    The work programme also consists of at least three workovers of existing wells. This work has commenced using a rig of convenience under a contract to GSPC that was temporarily assigned to Oilex in order to minimise costs. The field work has generally been executed within budget and schedule, and each well is currently undergoing clean-up. The impact to liquids production from the field is yet to be assessed.

    Cambay-73 – GSA signed
     Initial 2 year term
    − Pending Gov’t endorsement
     ~ 1km from C-76H & C-77H
 
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