With news pending out of Cambay and Oman any day now OEX's fortunes could be about to change for the better.
Also add prduction approval out of Indonesia and the share price could head towards 50c in no time and thats our first stop.
Oilex has set out to achieve certain milestones over the next 6 months.(read latest presentation from company) If these milestones are met and the oil price consolidates then the company is worth $1 a share any day of the week.
In the oil industry its a numbers game. How many barrels of oil produced a day by the price of oil per barrel. Production costs as explained in the previous reports from Hartley's and Fat Prophets is one of the lowest in the game for Oilex.
Cashflow positive is on the way guys.
IRFI.
With news pending out of Cambay and Oman any day now OEX's...
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