EXPLORATION

Oilex pursuing new rig to drill Timor Sea targets

OILEX has selected the first two prospects for a major drilling campaign at JPDA 06-103 in the Timor Sea and hopes to start drilling in the third or fourth quarter, subject to a replacement drilling rig being found.

Oilex pursuing new rig to drill Timor Sea targets

In its quarterly report, released on Wednesday, Oilex said it had selected the Lore and Lolotoe prospects as the first two prospects for drilling out of a short list of 10 potential drilling targets. ...

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