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.
In April 2013, the Company acquired ~2,800,000 acres in one of Australia’s premier emerging unconventional basins after being awarded a Special Prospecting Authority SPA-0055 in the Canning Basin, Western Australia. The Canning Basin SPA provides Oilex with portfolio diversification and the opportunity to leverage its technical experience and commercial relationships from the unconventional energy project in India.
Oilex Ltd is a company limited by shares incorporated in Australia who shares are publicly traded on the Australian Securities Exchange (ASX: OEX) and on the AIM Market of the London Stock Exchange (AIM: OEX).