Oilex Ltd is pleased to provide the following Workover Update:
Oilex successfully completed the Cambay-19z workover on budget. The workover rig was at location for 15 days. Currently 240 bbls of workover brine is being pumped from the well at the rate of 40bbls per day after which oil production should commence.
Adjustments to the pumping rate will be made to optimise the oil production after recovery of the workover brine. Cambay-19z is an oil producer from the Eocene (EP IV) formation and located approximately 1.4 km to the west of Cambay-77H.