Oilex restarts operations in western India
Oilex, the oil exploration company with significant interests in India, says it has restarted operations at its Cambay field in the western state of Gujarat.
Oilex, the oil exploration company with significant interests in India, says it has restarted operations at its Cambay field in the western state of Gujarat.
Operations had been suspended since the end of August, when a milling assembly became stuck in the wellbore.
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Oilex, which is based in Australia, has seen its shares drop 32% this year although today's news has seen it jump 6.78% since the open.
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