Oilex is headed back to the drawing board after disappointing returns from its latest workover programme.
Oilex reported a $3.2million loss for the first half of final half of the year.
Oilex has made a bid to own 100% of the Cambay prospect in India.
Oilex is continuing its workover of its Cambay field in India.
Australian explorer Oilex has completed its latest workover of the Cambay-20 well in India according to plan.
Australian explorer Oilex has completed the first well in its workover programme at the Cambay field in India and has begun work on the second well in the programme.
Australian independent Oilex has commenced a work-over campaign at its Cambay project in India.
Oilex said it has received endorsement from the relevant authorities of the Government of India for the sale of gas from the Cambay-77H well. It follows the approval last year to sell gas from Cambay-73 and Bhandut-3. The appropriate production facilities for Cambay-77H will now be established and will initially connect the well to a low pressure pipeline grid to service the area.
Oilex has completed proof-of-concept objectives for the commercial development of the Cambay field in India. The company said initial the key field results from Cambay-77H flowback and production tests were encouraging. The sustained initial 24 hour rate during flowback was 2.03MMscfe/d, comprising 55% light oil with concurrent operations water production of 1,867bbls/d.
Oilex has started production tests on the Cambay-77H well in India. The company completed a five day shut-in period to stabilise the well after it underwent 85 days of flowback production. The well will now have a 300 hour flow period and a 300 hour shut-in period where the data will be recorded and monitored, which could be extended depending on the response.