It makes me happy to see oilex drilling away in Oman. What lays ahead of us here? plenty of drilling and oil with any luck. I would be very happy if some of these early holes come up trumps, it tends to re rate us and puts a floor under a higher price. The pick up in volume and steady share price in this dreadful market is also encouraging. The oil price is tooo high imo short term, but anything over $60 for oil companies is a license to print money. Once oilex gets drilling in Cambay, we can expect a great deal of news flow to help us towards the $3 discounted valuation. I think its worth $3 now from what i have read. Oilex has unlimited upside [consider the targets and program] and very limited downside considering the oil is present in a lot of their fields. oilex seems to also have SOME built in protection from the current problems of the market, but the drill results will tell the story in the end. please dyor and enjoy the ride over the next 3-6 months.
OEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
