Oilex claims 100% ownership of flagship India asset

OILEX is celebrating today as Gujarat State Petroleum Corporation (GSPC) has approved the sale of its 55% participating interest in the Cambay PSC in India for US$2.2 million (A$2.8M), sending its share price soaring by 83%.

Oilex claims 100% ownership of flagship India asset Oilex claims 100% ownership of flagship India asset Oilex claims 100% ownership of flagship India asset Oilex claims 100% ownership of flagship India asset Oilex claims 100% ownership of flagship India asset

Finalised sales agreement with GSPC sends share price soaring

The sale means it can get back to producing after torrid years spent in local courts and an asset hunt that has spanned the East Irish Sea to the onshore Cooper Basin, where Oilex rapidly acquired