Manufacturing Industry

OILEX NL - AWARD OF BLOCK 56 OMAN TO OILEX CONSORTIUM.

PR Newswire UK Disclose, March, 2006

 
OILEX NL 
 
 
 
 
31 March 2006 
 
AIM STOCK EXCHANGE 
LONDON 
 
Dear Sir, 
 
RE: AWARD OF BLOCK 56 IN OMAN TO OILEX CONSORTIUM 
 
Oilex NL (Oilex) is pleased to advise that we have been advised that the 
Government of the Sultanate of Oman has awarded block 56 to the consortium of 
Oilex (25% and Operator) and it's indian partners, Gas Authority of India 
Limited (25%), Videocon Industries Ltd (25%), Hindustan Petroleum Corporation 
Ltd (12.5%) and Bharat Petroleum Corporation Ltd (12.5%). The award was made 
subsequent to evaluation of offers made under the recent bidding round that 
closed on 1 January 2006. 
 
Further details will follow. 
 
For and on behalf of the Board 
 
 
Dr. Bruce McCarthy 
 
Managing Director 
 
cc: Directors: MC/RB/GIJ 
 
Information in this report...

            
        
    
    	    
                
                
	
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