Cambay Production Update - C-73 and C-77

Oilex Ltd (the Company) is pleased to announce that gas production has re-started from C-77 at the Cambay Field. Gas production has restarted at a rate of 250MSCFD from the Eocene with flow rates at current contracted gas sales volumes. The current gas sales agreements will be renegotiated to take any additional produced volumes as and when required. The Company plans to cycle production between C-77 and C-73 as part of its reservoir management.

Cambay Production Update - Cambay C77 and C73