I now await news from the joint venture meeting that will take place with the discussions on Cambay development.
I can see Oilex ramp up re-enter wells and have these wells come online very fast.
I'd like to guess we may have between 3-5 wells producing out of Cambay by years end. The wells may flow up to 1000 barrels each if the past results are any indication.
Billy? Joatmon? Jimmy Noone?
Very exciting stuff.
My opinion is Oilex should be above $1 by Xmas.
Then my 2009 target is $4+
Please do your own research!
OEX Price at posting:
65.0¢ Sentiment: ST Buy Disclosure: Held