scruffee
08 Jun 2017
Re: lol ha ha Lol ............ Agree with You MN ................ The trading pattern has altered and someone is racking these up ......... No biggie ............... see what happens to price.Best Wishes.
MR NIEVE
08 Jun 2017
Re: lol ha ha Agree with what you are inferring scruff but greasy hands did not make a mess of Oilex fraccing.
scruffee
08 Jun 2017
Re: lol ha ha Agree MN ................. But this is India .................. Some of the most greasiest hands around .GLA.
MR NIEVE
07 Jun 2017
Re: lol ha ha oilex offices overlook the River Swan in Perth, so I think you have it spot on there Ws.I always held a view that with all their bad luck and incompetence that they just might have had the resources to just once pull it off.the yanks pulled it off with their fraccing , but I forgot ,this was Oilex, how can you make a mess of fraccing ,that's what it is supposed to do.
whitestallion
07 Jun 2017
Re: lol ha ha good luck scruffee, getting the feeling now mine are on the way down the swanee
scruffee
07 Jun 2017
Re: lol ha ha Like You WS ..........took a swipe at this this morn .............. must be mad ........ let's see ........ gulp!!!
Phishing
06 Jun 2017
Misery If this was a horse they would have loaded the gun by now.
whitestallion
06 Jun 2017
lol ha ha nm
one4all
31 May 2017
feel another dilution coming on.. and an overhang of nearly 500 mill shares issued at 0.225p,,,this is going nowhere fast
Joatmon
15 May 2017
Bhandut and Cambay Updates "Oilex Ltd (the Company) is pleased to announce that gas production has re-started at the Bhandut Field after being shut-in for 7 months due to increased water production. Gas production has restarted at a rate of 150MSCFD with flow rates controlled to minimise produced water.In the Cambay field, workovers are continuing on wells C-70 and C-23z. The workover rig has completed its work on C-70 and is now working on C-23z. At C-70 water lifting has been underway prior to a possible flow test operation." 15/05/2017 5:58:35 AM"
HPC Follower
29 Apr 2017
Re: Mobilisation of Workover Rig at Cambay It's good to see some management focus on the priorities, and movement to re-start production from C-77H, C-73, C-70 and C-23Z in my own order of importance for revenues.Low spend, sensible approaches being taken...> get some revenue> de-risk plans> remove barriers to work programmes> cut-out "dead wood"HOLD for long term I think, with very long term hope for the Australian venture.
Totally Wired
28 Apr 2017
QUARTERLY REPORT 28 April 2017oilex ltd MARCH 2017 QUARTERLY REPORT HIGHLIGHTS CAMBAY FIELD, ONSHORE GUJARAT, INDIA » Oilex received partner and government approval for a revised work programme taking advantage of a lower cost opportunity to analyse core data from existing well C-23z and carry out two workovers.» Procurement process for both the core analysis and the two workovers substantially completed.» Subsequent to the end of the quarter, Schlumberger and Baker Hughes awarded contract to carry out the C-23z core analysis and studies.» Mobilisation of workover rig for C70 and C-23z completed in late April 2017.» Confirmation received from government in April 2017 to recommence regular production from C-73 and C-77H.» Joint Venture and regulatory approvals obtained for 2016/17 and 2017/18 Work Programme and Budget.» During the quarter, the Joint Venture partner released the equivalent US$69,800 (gross) against outstanding cash calls.BHANDUT FIELD, ONSHORE GUJARAT, INDIA» Following technical and economic reassessment, Bhandut-3 was shut-in from 6 October 2016 due to increased water production.» During the quarter, the Joint Venture partner released equivalent US$24,000 (gross) against outstanding cash calls.» Joint Venture and regulatory approvals obtained for 2016/17 and 2017/18 Work Programme and Budget.» Potential opportunities for sale of the PSC continue to be explored.CORPORATE» Two tranche capital raising of approximately £1.1 million (A$1.78 million) to fund work programme at Cambay. Tranche 1 completed in March 2017 with Tranche 2 pending shareholder approval.» General Meeting of Shareholders to be held on 3 May 2017 to consider Tranche 2 of capital raising of £0.43 million (A$0.69 million).» Mr Brad Lingo appointed as Non-Executive Chairman while Mr Max Cozijn, the previous Chairman, continues as Non-Executive Director.» Mr Jonathan Salomon's contract as Managing Director of the Company extended by a further year. » Cash resources at 31 March 2017 were $1.83 million.OPERATIONS REVIEW OVERVIEWThe Company's primary objective is to maximize shareholder value from its principal asset at Cambay, located onshore Gujarat State in India.To that end, Oilex continues to evaluate and implement a range of technical programme options to progress the main objective of accessing a multi-TCF gas resource present in siltstones in the EP-IV reservoir. North American unconventional drilling, completion and stimulation technologies have been applied by the Joint Venture over the last six years with positive but commercially modest results and now work is underway to optimise results for future work programmes. The current technical work programmes focus on:· Extracting geological and engineering information from core data with associated studies to match advanced North American drilling and completion technologies with the local basin geology of the EP-IV, and· Two planned workovers of existing wells C-70 and C-23z aimed at gas production from the shallower OS-II reservoir in unswept areas in a parallel effort to develop the block at multiple levels. As agreed with GSPC, the Joint Venture partner, Oilex is to fully fund the workover expenditure and receive all revenue until these costs are recovered. Once costs are recovered, Oilex and GSPC will revert to their participating interests of revenue and expenditure. If successful, this work will assist in finalising an application for extension to the Cambay PSC required to be submitted to the Government of India during September 2017.HEALTH, SAFETY, SECURITY AND ENVIRONMENT No lost time incidents recorded during the quarter. Completed first aid and basic firefighting training of employees and their families in India.***More from Link Below***[link]
Totally Wired
28 Apr 2017
Mobilisation of Workover Rig at Cambay 28 April 2017 ASX: OEXAIM: OEX Mobilisation of Workover Rig at Cambay Oilex Ltd (the Company) is pleased to announce that the workover rig has been mobilised to C-70 at the Cambay PSC (Cambay). The Company plans to complete workovers of two wells, C-70 and C-23z, during May 2017. The workovers are designed to test production flow rate potential from the OS-II reservoir in areas that the Company anticipates to have remained unswept by earlier production. While the expectations are for modest flow rates, a successful outcome will provide support for a field development plan in regards to the application to extend the term of the PSC to 2029 or the economic life of the field, whichever is earlier. The C-70 well has an established pipeline connection in place to the existing Cambay processing facility. A number of options to sell gas from the workovers are currently being evaluated. As agreed with GSPC, the Joint Venture partner, Oilex is to fully fund the workover expenditure and receive all revenue until these costs are recovered. Once costs are recovered, Oilex and GSPC will revert to their participating interests of revenue and expenditure. Joe Salomon, Managing Director, commented: "There are twin objectives for the workovers; to deliver revenue from production whilst also supporting our application to extend the term of the Cambay PSC. While we expect to see relatively modest flow rates from the workovers, the produced gas effectively leverages our existing infrastructure." Joe SalomonManaging Direc
jiayanlim
24 Apr 2017
Re: Core analysis prior to drilling Good on yer Guys ; keep the faith . Regards to Everyone , Jia Yan .
whitestallion
21 Apr 2017
Re: Core analysis prior to drilling i know, and i've probably put the kaibosh on it agreeing with one of joaters posts !! sorry guysCapt. morgan
