DRILLING

Oilex finds farm-in partner for Timor Sea block

OILEX has achieved one of its key corporate objectives after entering into an agreement to farm down 15% of its 25% interest in Block JPDA 06-103 in the Timor Sea to Japan Energy Corporation.

Marija Stojkovic

Oilex finds farm-in partner for Timor Sea block

Under the farm-out agreement, Oilex will be refunded part of its previous costs, as well as future funding for its remaining 10% share of the costs of two commitment wells up to an agreed cap. The...

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