re: Ann: Oilex Timor Sea Farmout Goes Uncondi... Most...

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...