Junior explorer Oilex has had its three-month share price target doubled by Perth-based broker Hartleys on the back of the potential of its Cambay tight gas project in India.

Oilex in September announced an upgrade to its reserves at the Cambay site in Gujarat state, with reserves net to the company now totalling 384 billion cubic feet of gas and 17 million barrels of condensates. Additional contingent resources are around the same size.