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And now Oilex finds huge natural gas in Cambay field  

Australian O&G Company makes huge discovery in Gujarat

Tuesday, September 07, 2010

The India focused Australian Oil & Gas Company, Oilex Ltd., has found a huge natural gas in the Cambay field. It is estimated that the discovery in Gujarat may hold 1.5 trillion cubic feet of reserve of which the justified development holds 853 billion cubic feet of Reserves, while 720 billion cubic feet of Contingent Resources. Oilex operates the Cambay field on behalf of Gujarat State Petroleum Corporation (GSPC) which holds 55% stake in the joint venture

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