Oilex (LON:OEX) - The Company is progressing at a decent pace with the 76-H horizontal well clean-up operations to prepare for the flow test. Success of this well is very important as the Company has invested significant time and resources. The reserves and resource certification report will be completed after results from the Cambay-76H well production test. In this news:
• Milling and clean out of the first six fracture stimulation stages to a depth of 2,581 metres measured depth has been completed.
• Of the two remaining stages, one has been partially opened where a significant flow of fracture stimulation sand was encountered indicating the existence of a higher pressure environment.
• As a result the company has decided to open the final stage as the well is flowed back during the clean-up phase. Oilex has 45% operating interest.
Oilex (LON:OEX) - The Company is progressing at a decent pace...
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