We are looking at continuous drilling now in India & Oman and the recent results in Indonesia have led to a commercial oilfield at Pendalian.
India (Cambay) is low risk but massive upside not only in oil but gas as well & a ready industrial market nearby.
In Oman the targets are higher risk but the two western wells will offset existing oil production & the proposed eastern well is a 100m+ b oil more wildcat target.
Not to mention other australian/indian /timor este permits progressing nicely with seismic ops & proposed drilling.
I can't understand why the market is overlooking the potential of Oilex at present but it won't be long imo before they have to see it.
good luck belfast
OEX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held