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Oilex

Description

Oilex Ltd is a dual listed (ASX and AIM) oil and gas exploration and production company. The Company’s primary focus is on evaluating and commercialising the extensive Eocene low permeability (“tight”) reservoirs in its onshore Cambay Field located in the state of Gujarat, India, where energy market fundamentals are attractive. The Company is applying leading-edge tight reservoir evaluation, drilling and production technologies and techniques which have been developed in recent years in the rapidly expanding “tight” and shale gas industry in North America. The Company’s also has exploration assets offshore Western Australia, the Timor Sea and onshore Sumatra, Indonesia.

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