Yes know doubt oil is needed but Oilex is not going to see any movement until we some of the other blue chip oiler companies come back in favour and many of them have taken a beating too. IMO it is a waiting game to see if Oilex can ride this downturn out without going bankrupt. It is hard proposition for new investors to stomach investing in this company at the moment even at less than 1 cent it is high risk; with the state of the oil markets, legal action judgements pending. If I was a new investor I would rather buy OEX back at 4 or a 5 cents once there is some certainty as down at these levels you are really just taking a punt unless you have inside information.
