Put in some due consideration to the following events -a completed seismic over WA388-P with several identified leads -a competed farmout of 50% of Artemis prospect by MEO -a recent capital raising by OEX to accelerate activities -an open market created for new gas with Apache leaving WPL for Chevron. -a $60m MC with some small dillution on the way.
Good times ahead for OEX to hit their free carried wells.
Still no mention of how much will be immediately refunded to OEX on the survey costs.
Is it just me or is $3.5m for Bruce McCarthys services over 2 years a little overcooked? I mean considering they had a ~-39cps loss over that time? choo choo gravy train!
SF
OEX Price at posting:
31.2¢ Sentiment: ST Buy Disclosure: Held
