Cambay C-77H Re-frac Operations Update

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

C-77H Re-frac Operations Update
The workover rig arrived on location at the C-77H wellsite on June 20th 2022 and is being rigged-up in preparation to pulling the completion string from the C-77H wellbore.

Civil works to prepare the wellsite for the re-fraccing operations have been completed. All major services and equipment have been secured for the hydraulic fraccing operation which is scheduled to commence mid-July 2022.

The 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.