Oilex takes another bite of West Kampar

OILEX is moving to acquire an additional 15% stake in the West Kampar production sharing contract in Central Sumatra, Indonesia, that contains the Pendalian oil field, from partner PT Sumatera Persada Energi.

15 August 2008
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This will raise the company's stake in the PSC from 45% to 60%.

Oilex will carry certain operational costs for Sumatera and make phased cash payments for the additional interest.

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