Ron Miller

Perth-based oil and gas junior Oilex has signed a gas sales agreement for production from its Cambay 73 well in India’s Cambay Basin.The agreement covers gas sales for two years, while the contract price is confidential.

Perth-based oil explorer Oilex has announced it has secured a $13.5 million three year equity financing facility with UK-based Darwin Strategic, for drilling at its Cambay onshore oil joint venture project in Gujarat, India.

Oil and gas explorer Oilex has raised $6.8 million to fund development and drilling at its Cambay oilfield in India’s Cambay Basin.

Oil explorer Oilex has achieved a 20 per cent increase in its share price today, after announcing a successful well test at its Cambay-77H well.

Perth-based Zeta Petroleum will acquire a substantial shareholding in oil explorer Oilex, when the company completes a planned $US23 million ($A30 million) capital raising.

Geoff Acton has been appointed as interim non-executive director of Antaria. Mr Acton has a wealth of accounting and corporate experience and was recently appointed in July as company secretary of the company.