Oilex Limited (ASX:OEX) has been granted a trading halt by the ASX, pending an announcement in relation to an independent Resource Report for the Cambay Field in India.
Recently Oilex provided an update on construction of the oil and gas production facilities at Cambay-73, and at close to the end of last month was 77% complete.
The electrical system installation is almost complete while mechanical fabrication is 82% complete.
Cambay-73 is a frac’d vertical well located 1.2km SSE of Cambay-77H, the first multistage frac’d horizontal well to be successfully production tested in the Cambay Basin.
The halt will remain in place until the opening of trade on Monday 19th April 2015, or earlier if an announcement is made to the market.
