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
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