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Oilex provide West Kampar negotiation update


Published Feb 12, 2014
Oilex in Indonesia

Oilex Ltd has received another good faith payment from PT Sumatera Persada Energi (SPE), in addition to the payment mentioned in the December 2013 Quarterly Report.

This represents a significant step forward in the ongoing negotiations to reach an amicable commercial settlement to the International Court of Arbitration Award of US$4.8m in favour of Oilex and other associated matters.

Discussions between the parties continue to progress and Oilex will inform the market when further material information becomes available in relation to a final agreement.

Tags: Oilex Ltd




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