Cambay venture still a headache for Oilex

JUNIOR explorer and producer Oilex is still tussling with the Gujurat State Petroleum Corp in an attempt to recover around US$4.1 million in funds owed by the state oiler for exploration costs within the Cambay oilfield in India.

Cambay venture still a headache for Oilex Cambay venture still a headache for Oilex Cambay venture still a headache for Oilex Cambay venture still a headache for Oilex Cambay venture still a headache for Oilex
 
GSPC and Oilex failed to come to an agreement outside of Court last year after GSCP did not cough up just over US$3 million to cover its share of the joint venture expenses last May.

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