Oilex takes another bite of West Kampar

OILEX is moving to acquire an additional 15% stake in the West Kampar production sharing contract in Central Sumatra, Indonesia, that contains the Pendalian oil field, from partner PT Sumatera Persada Energi.

Oilex takes another bite of West Kampar Oilex takes another bite of West Kampar Oilex takes another bite of West Kampar Oilex takes another bite of West Kampar Oilex takes another bite of West Kampar

This will raise the company's stake in the PSC from 45% to 60%.

Oilex will carry certain operational costs for Sumatera and make phased cash payments for the additional interest.

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