re: Ann: Oilex Timor Sea Farmout Goes Uncondi... Most interesting part in the ann is
"Planning for the initial, two-well drilling program is well advanced and Oilex is currently in negotiation with a preferred contractor to secure a rig to drill the Loré and Lolotoe prospects. These prospects have estimated mean prospective resources (on 100% basis) of 195 million barrels of oil and 90 million barrels of oil respectively. Drilling may commence in fourth Quarter of this year."
This should give more confidence to the OEX investors...
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- Ann: Oilex Timor Sea Farmout Goes Unconditional
Ann: Oilex Timor Sea Farmout Goes Unconditional , page-3
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