the cash flow will be based on oil flows out of indonesia first up. that field has the potential to be far larger and they will drill more wells there to increase that to approx 6000bopd. Anything they bring in via the program in Oman and cambay will just add to that and the oil price has since risen. Even this current well in cambay looks like a gas producer and that can be put on stream relatively quickly given the infrastructure is very close .even allowing for this to take longer, oex is worth far more than the current price. the first well in Oman will get re-drilled in a couple of months and it produced oil in a failed well [400bopd from 1 zone]. I personally think that was a company maker but the failure was unlucky for us. we will get there, the oil business is harder than most, high risk high reward. i am sticking around for the next 8 wells to see this come off but its your call with what you want to do. good luck and dyor.
OEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
