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Cambay block-I: GSPC reneges on cash calls
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.
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