Oilex Gets Acreage in Canning Basin

Oilex Ltd has been awarded Special Prospecting Authority (SPA-0055) which covers acreage in the onshore Canning Basin of Western Australia.

The acreage covers an area of approximately 11,400 square kilometres which may have similar geological characteristics to Oilex’s Cambay Field in India, and may be prospective for oil and liquids-rich gas, the company said in a statement.

Oilex is planning to conduct a six-month, low-level work programme from third quarter of 2013 to assess the SPA’s prospectivity for hydrocarbons.

In addition to accepting the offer of SPA-0055, Oilex has recently submitted bids on gazettal blocks L12-08 and L12-09, covering 6,444 km2 immediately adjacent to the awarded SPA area. The additional acreage is interpreted to contain an extension of the play to the north of SPA-0055.