oilex to confirm cambay drill schedule soon, page-8

Hi spartacus 1

Can you please quantify your comment that OEX is "one of the most undervalued shares'. What value should it be and how have you worked out that value?

A great asset without great management is worth nothing and I have seen no action in the past 5 years or more to convince me that they have the skills required to create shareholder wealth. While I acknowledge that there has been a change to some of the management in recent times their lack of ability to communicate effectively or to timely close a deal suggest to me they are no better than those they replaced.

If you throw enough money and time at any problem by the law of averages at some point you (they) will get a winner. At my age I need that 'law' to work faster:)

Ciao

R1