I agree with your sentiments about Oilex entirely.
After reading the presentation a few times and being highly impressed, I decided to read it and consider if there anything missing or risky that could stop Oilex from seems a certain massive re-rating.
management excellent seasoned professionals & as loaded up with options need the company to perform.
finance cashed up & will have a steady stream of options cashing in (already in the money) over next few years.
permit security India, Oman, Indonesia, Australia no problems.
Partners heavyweight partners (mainly Indian) with deep pockets.
permits Cambay oil & gas is there so very low risk Pendalian oil discovery cheap to develop Oman higher risk but high reward. Australia seismic ongoing (could farm out drilling imo) A good mix overall of risks & plays.
This could very well be one of the shares of 2008
Good luck all holders belfast
OEX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
