Oilex Says Cambay 71 Encounters Gas

Oilex reports that the Cambay-71 appraisal/development well in India has reached total depth of 1600 meters. Current operations are rigging up to run wireline logs.

The well intersected a section similar to that of Cambay-72 and the main objectives were encountered as predicted in the geological prognosis.

A Letter of Award has been issued to Geofysika Torun for the acquisition of a 3D seismic program over the Cambay Production Contract Area. Mobilization of field personnel has commenced.

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