OEX on the LSE, page-7

Cambay Field India

CURRENT STATUS
Oilex is at an advanced stage in completing a detailed working plan to take the Cambay project forward and the results to date support a vertical well with the dual objective of developing the undepleted OS-II reservoir sand and also targeting recovery of core from the Eocene siltstone (EP-IV or Y Zone).The vertical well will seek to obtain core samples from the EP-IV Zone reservoir for drilling and stimulation studies. This is essential prior to drilling a horizontal extension for potential later exploitation of the Eocene siltstones. The well will also have the potential to test the shallower, productive, OS-II conventional reservoir or may be later used to test the EP-IV based on results of the core. The detailed planning for this well is being finalised and is subject to Joint Venture approvals. This approach allows Oilex to take advantage of the lower cost vertical well drilling rates in India at present.

http://192.248.174.40/cambay-field/