qrt report is excellent imo..., page-4

Hi OilyMan

The CEO of many a small E&P oil company would dream about the kind of report put out by Oilex. You mention the word 'duster' - well there is not a duster this year from Oilex. The entry in the performance league would read:

Drilled 3
Dry holes 0
Oil discoveries 2
Gas discoveries 1
Drill bit success rate: For: 3 - Against: 0 - Points: 100%

We have two thirds of the drilling season left for this year and a host of further wells.

With that raw data I find it most surprising that investors are selling. As you say OilyMan, watch out when this stock turns - you will be hard pressed to find it in any quantities in the rush. Stock will become scarce and even more tightly held.

It is perhaps fair to say that with sufficient funding in place there is little chance of new stock becoming available and even then it would be through a placing.

I am in this one to my limit and will be looking forward to reap the rewards. At least as I look at the market there seems an upward turn, though modest.

All the best
Jimmy