Oilex LTD (OEX)
Oilex Ltd is an oil and gas exploration and production company focused on onshore unconventional opportunities around the Indian Ocean Rim. The Company’s principle assets are a near term production project in India and an early stage exploration project located in the Canning Basin, North West Australia.
The Company is led by an experienced and disciplined management team who combine considerable expertise across the oil and gas sector with a deep technical understanding of unconventional resource exploration and production.
Located in the State of Gujarat, India, the Cambay project is the Company’s flagship asset. With significant potential, in 2011, NSAI estimated gross unrisked 2C Contingent Resources of 167MMboe. The successful commercialisation of the Cambay Field will allow Oilex to capitalise on the large and growing natural gas supply-demand gap in the state of Gujarat.
|Investor||No. of Ordinary Shares||Percentage|
|Magna Energy||119,698,096||17.66 %|
|Barclayshare Nominees||48,002,984||7.08 %|
|TD Direct Investing||31,022,497||4.58 %|
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Oilex is a subscriber to our Interface Investor relations service. For more information on Interface follow the link.
Level 1, 660 Newcastle Street
|Ticker Symbol||OEX (LSE:OEX)|
|Country of Incorporation||Australia|
|Company Number||ABN 50 078 652 632|
|Sector||Exploration & Production|
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