OEX 20.0% 0.6¢ oilex ltd

Oilex (LON:OEX) has confirmed the successful completion of its...

  1. Oilex (LON:OEX) has confirmed the successful completion of its fracture stimulation programme on the 77-H test well, in the Cambay field, India.

    Four separate stages were completed through the program, and preparations are now underway to remove plugs ahead of a testing program.

    Cambay 77-H may prove pivotal to Oilex’s plans for the project, as it could prove that horizontal wells can be commercially developed at the site.

    Positive indications have already been observed during the frack.

    "We are very pleased with the reservoir response to fracture stimulation on all 4 stages,” managing director Ron Miller said.

    “Importantly, Cambay-77H had indications of gas during frack ops, highlighting the possibility of excellent reservoir deliverability.

    “Oilex is looking forward to successful mill-out operations and production testing after sufficient frack fluid has been recovered from the well."

     

 
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