The future certainly looks brighter for Oilex if only as a result of the upward movement over the last few days. I feel that expectation of details being announced of a rig contract, Timor extension approval and a farm-out deal are the possibilities that are creating this modest momentum. As the pieces of jigsaw come together the momentum should increase but in bigger portions.
If asked what steps are to be taken by Oilex over the next few weeks I would suggest BIG ones.
OEX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
