Oilex advised that operations are continuing to demobilize the Black Pearl rig and associated drilling equipment.
Mobilization of the equipment required to conduct the large volume multi-stage fracture stimulation of the Y Zone tight gas reservoir is near completion and rigging up is progressing. In total, 16 zones will be stimulated in 8 stages over the length of the horizontal section of the well bore (approximately 600 meters).
The participating interests in the Cambay PSC are:
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