Focused on Value Methodical in Delivery ASX / AIM: OEX November 2013
Board and Management Team Max Cozijn Pete Bekkers Appointed as Non- Appointed Chief Executive Chairman Geoscientist in 2007 in 2003. Over 31 more than 16 years years experience in experience. administration of listed companies…
Investment Highlights Asset portfolio, focused on onshore tight/unconventional petroleum Large discovered independently certified resource base Objective: grow production, cash flow and reserves Cambay Project (INDIA OEX Operator,…
NSAI Independent Resource Estimate for Cambay Unrisked Contingent Resource Estimates (the near term production and cash) Low (1C) Best (2C) High (3C) Oil Gas Oil Gas Oil Gas MMstb BCF MMstb BCF MMstb BCF Gross in place 831 672…
Cambay Asset: Overview Acreage Cambay Basin: large producing province Cambay Field: 161 km (40,000 acres) Oilex drilled first horizontal Sabarmati Field multi-stage frac well in India Commercial Environment Gujarat industrial…
Cambay-77H: Update Critical Items 4 inch casing ordered, delivery expected at site in December Drill Rig Technical evaluation complete 2 rigs technically qualified, both readily available Commercial bids opened and evaluation in…
The Magna Deal: Update The Deal Sold 10% equity for US4million and option over additional 5% for US2million Subject to pre-emption under JOA and GOI approvals under PSC If GOI approval is not obtained by 1 May 2013, Magna cash…
Bhandut3: Gas Production Leads To Cash Flow Bhandut Contract Area Bhandut PSC Area 6km2 (1,482 acres) 19,385bbls cum. oil produced since acquisition in 2007 Isochronal test of 3.5m sand Possible Channel Sands Below seismic…
Active forward work programme to production and cashflow 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 JV and Government Approvals 3 Work-Over Wells Ongoing Bhandut3 Preparation Production & Sales Ongoing Cambay73 Preparation Production &…
Wallal Graben Play Fairway: Moving forward at steady pace Strategic rationale: Low-cost, low-risk entry Concentrated prospectivity Long-term growth potential and diversity Oilex awarded Canning Basin acreage SPA-0055 2.8 million…
Wallal Graben: Seismic tells story Jump correlations with regional seismic data infer: A near-complete Ordovician sequence is preserved L12-08 Possible thick Goldwyer Formation - primary source rock L12-09 Potential for…
Why the Wallal Graben Fairway Cairns Rajasthan acreage at same scale Overlooked prospectivity: 7.3 Billion boe in-place 26 separate discoveries Sparse gravity/magnetic data Production = 175,000 bopd Vintage 2D seismic data…
Updated scorecard as at AGM Goals and Objectives Status Production Cambay73 GSA signed, competitive tenders required Bhandut3 tested 6.2MMscfd, tenders issued for sales Work-overs on 3 Cambay wells limited success Cost…
Oilexs Investment Proposition Strategic focus on the Cambay Asset centred on production, cash flow and reserves Cambay drilling operations tenders issued, bids received, evaluations in progress and critical award made Use…
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