cambay-75 will be plugged back, page-91

Hi Guys,

Just read through this thread which took me nearly an hour.

My name was called out a number of times. Well here I am.

Had a big day at work and was away from the office all day.(good timing....hahahah)

I was upset that this well which was considered a fairly low risk well did not come in. Thats the oil game for you. I do agree with some of the posters here that the market overreacted and it was over exaggerated with day traders playing the stock for small gains.

I did not sell a share today.

Cambay still has plenty to offer and im confident Oilex will still get to the 2000 BOPD by years end. We havnt even scratched the surface.

Looking forward, shareholders have plenty of news coming there way.

Farm-in partner in Timor should be announced before the end of May. The potential farm-in partner should be welcomed news for the market.

Indonesia has progressed very well and news not too far now.

Look for Cambay 64 and Cambay 74 to be ramped up now.

Oilex cash expenditure will now become minimal and the farm-in at Timor will also remove any cash risks that are of concern.

Not a great day for Oilex and shareholders today, but thats the game we are in. Its happened to plenty of other companies in the past and it will keep happening in the future.

Oilex will remain focused and they are confident they will turn this around.

So am I.