Oilex Ltd (ASX:AIM:OEX) Cambay C-77H Re-frac Operations Update No2

Oilex Limited (Oilex or the Company) is pleased to announce the following update with respect to its operations in India.

C-77H Re-frac Operations Update

All of the equipment necessary for the re-frac operation has arrived onsite with the exception of the coiled tubing unit (CTU) which has been delayed by monsoon season-related rain. The CTU is expected to arrive onsite tomorrow after which the initial stage of the re-fraccing operation, perforating the zones to be hydraulically fractured, will commence.

The actual fraccing operation is anticipated to last 7 days and will be followed by flow-back and testing. We currently expect to be able to announce the results of the re-frac operation in August 2022.

For and on behalf of Oilex Ltd

Roland Wessel

Managing Director

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