You can bet a lot of oilcos are crunching the numbers on Oilex.
Why?
With such a wide open shareholder register it is almost certain that a bid will happen in the very near future.
The potential is now starting to be obvious, in particular Cambay where I am sure even the big boys might like to snap up a ready made Indian presence.
Seriously undervalued & cheap as chips (but not for long as oil production in India, Oman & Indonesia is ramped up). good luck all holders belfast
OEX Price at posting:
59.6¢ Sentiment: LT Buy Disclosure: Held