Oilex (LON:OEX) has kicked off the second stage of the fracture stimulation programme at its ?proof of concept? Cambay-76H well in India following the successful completion of the first stage.
The ?low risk high reward? well is testing the production potential of the Y Zone interval of the extensive Eocene reservoirs in the onshore Cambay production sharing contract (PSC).
http://www.proactiveinvestors.co.uk/companies/market_wraps/31612/oil-and-gas-news-summary-salamander-energy-sacoil-solo-oil-red-emperor-resources-oilex-petroneft-31612.html
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holding strong, page-3
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