Roland Wessel, CEO and Director of Oilex Ltd (ASX:AIM:OEX) Interview
Today subsequent to the receipt of the Consent to Operate from the Gujarat Pollution Control Board, production has re-commenced on the Cambay field together with gas sales. Oilex’s Chief Executive Officer, Roland Wessel, said: “The re-establishment of production from the Cambay gasfield has occurred soon after the Indian government announced that the price of domestic gas would more than double from $2.9 per mmbtu to $6.1 per mmbtu. This will provide a material benefit to Oilex’s cash flow.” Here is the list of the questions asked in the interview: You announced this morning that production has re-started on the Cambay field. Can you explain why the re-start took so long? Your RNS this morning mentioned the Cambay C-77H refract – can you provide some information on this? What is the impact of the recently announced Indian domestic gas price increase for Oilex? How do you envisage the future news flow for the Cambay field? Can you provide an update on the Medway Hub CCS project? https://www.share-talk.com/roland-wessel-ceo-and-director-of-oilex-ltd-asxaimoex-interview-2/