CAMBAY-77H – Interim Flow-back Update

We should remember this was an interim Flow-Back update - and the well has not cleaned up yet. In this context the flow is variable and frac water is being produced along with hydrocarbons and fines etc.

Oilex will need to get whatever frac fluid is going to be expelled by the well, out of the well before they can get stabilised flow for a long term production test of the oil and gas.

The Coiled Tubing unit intervention (used for an acid wash presumably) will clean out the fines from the perfs and speed up the well clean up process. After that the long term production test will reveal if it is a gas well with oil, or an oil well with gas(what the GOR is), the flow data, PVT data etc.

joatmon