Brief: Oilex

Corporate news snapshot for Oilex

Nov 23, 2009 – 3.34pm

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Oilex has advised that Lore-1 well, the first of a two-well program in the Timor Sea contract area JPDA 06-103, was spudded on November 20.

The well is targeting a prospect with mean prospective oil resources of 195 million barrels. Planned total depth is 3670 metres.

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