Oilex shares rise on approval of work programme in India
AIM-listed independent oil and gas exploration company Oilex has received approval from the regulatory authorities in India for its work programme and budget activities to the end of March.
AIM-listed independent oil and gas exploration company Oilex has received approval from the regulatory authorities in India for its work programme and budget activities to the end of March.
The programme includes one firm horizontal well and four wells in a contingent drilling campaign.
Acting Managing Director Ron Miller said: "The Cambay Joint Venture is expediting work on the field. We are confident that this high impact work programme will realise the value of the Cambay asset, and deliver near-term production and reserves to the company."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 15.15% in opening trade.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits