the following to restore value

The following is what Oilex are workng on to restore the SP and also restore some lost confidence by the market.

1. Farmout of Timor. Due end of the month with plenty of interest.

2. Indonesia operatorship resolved then quicktrack the production to the market. Then drill further 2 wells.

3. Ramp up existing producing Cambay wells.

Just the issues mentioned above will make this investment a lower risked one. Oil sales from Cambay and Indonesia should cover Oilex's running costs and overhead concerns easily.

Timor farmout will give Oilex a free carry for the first stage of the project.

Potential sale of Oman should also be on Oilex list.

Oilex should put all its resources into Cambay,Timor and Indonesia. These assets will ensure oilex survive and move forward over the next 6-12 months.

Traders getting out now as they expected a quick bounce back. This is not a sock I would day trade.

All is not lost IMO, even though the days are a whole lot darker. I can see the light!