TIDMOEX

RNS Number : 9069F

Oilex Ltd

23 May 2017

ASX Announcement

23 May 2017

ASX: OEX

AIM: OEX

Cambay Production Update - C-73 and C-77

Oilex Ltd (the Company) is pleased to announce that gas production has re-started from C-77 at the Cambay Field. Gas production has restarted at a rate of 250MSCFD from the Eocene with flow rates at current contracted gas sales volumes. The current gas sales agreements will be renegotiated to take any additional produced volumes as and when required. The Company plans to cycle production between C-77 and C-73 as part of its resovoir management.

For and on behalf of Oilex Ltd

Jonathan Salomon

Managing Director

For further information, please contact:

 
 Investor              AIM Broker                AIM Nominated           Media Enquires          Media Enquiries 
  Enquiries            Cornhill                  Adviser                 (UK)                    (Aus) 
  Oilex                Capital                   Strand Hanson           Vigo Communications     Citadel-MAGNUS 
  Ltd                  Limited                   Limited                 Public Relations        Michael 
  Joe Salomon          Broker                    Nominated               Patrick                 Weir 
  Managing             Colin Rowbury             Adviser                 d'Ancona/Chris          Email: 
  Director             Email:                    Rory Murphy/Ritchie     McMahon                 mweir@citadelmagnus.c 
  Email:               colinr@cornhillcapital.   Balmer                  Email:                  om 
  oilex@oilex.com.au   com                       Email:                  patrick.dancona@vigoc   Tel: +618 
  Tel: +61             Tel: +44                  oilex@strandhanson.co   omms.com                6160 4900 
  8 9485               20 3700                   .uk                     chris.mcmahon@vigocom   Australia 
  3200                 2516                      Tel: +44                ms.com 
  Australia            UK                        20 7409                 Tel: +44 20 
                                                 3494                    7830 9700 
                                                 UK

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEALSDADFXEEF

(END) Dow Jones Newswires

May 23, 2017 02:00 ET (06:00 GMT)

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