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3,770 Posts.
107
14/07/08
06:50
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Hi Belfast.
It has been an unexpected wild ride with OEX the last 6 months.
It has been a testing time for shareholders. Some have sold as it has retraced and some have bought.
I have stuck solid with OEX and bought since my first investment back in OCT 2007
The simple reasons are as follows.
Oil price has nearly doubled.
OEX assets have remained the same.
Oil discovery in Oman that could be something massive come the re-drill
Oil/Gas discovery in Cambay
Indonesia about to come online. And drilling could confirm a major field here.
Hartley's valuation of $3.17 with a potential upgrade with soon to be released Cambay 19Z well results.
I will remain in this stock which could be as high as $3-$5 come Xmas.