Apr 03: Oilex, the JV partner with GSPC, is running into a bit of a spot as the latter is unable to honour cash calls on account of financial problems 8The two are partners in the Cambay and Bhandut projects, where Oilex feels there still a lot of reserves leftl to be tapped 8It is learnt that Oilex is now preparing ground for acquiring GSPC's stake or else to go the other extreme, which is sell out and leave 8It is also possible for Oilex to do a part sale 8There is already an offer to buy Oilex's stake in Bhandut. Click on Reports for more