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Podcast: Share Talk LTD
Episode: Joe Salomon, Managing Director of Oilex Ltd (OEX.ASX.L) Interview
Description:
Oilex Ltd (Oilex or the Company) is pleased to announce that GSPC has provided notification that it has approved the sale of its 55% participating interest (PI) in the Cambay PSC to Oilex for the purchase price of US$2.2 million (‘Purchase Price’) (the ‘Transaction’).
The Transaction has also received the approval of the state government of Gujarat. Following completion of the Transaction, Oilex will hold a 100% participating interest in the Cambay PSC. This will provide Oilex with the ability, subject to sourcing the necessary funding, to restart fieldwork including a work program consisting of the drilling of two vertical wells to...