The news delivered today is the kind of news item I have been longing for. As I write, the consequence of the news today is a rise of 125% in UK so far with half an hour to the close. This bodes very well for to opening of ASX in the morming.
Oilex has maintained the belief that Cambay would be most profitable and that is my expectation as we move well into 2011.
After some harrowing times and a number of disappointments the future for Oilex looks very much brighter. Well done the Oilex team - but much more to follow to turn this into a much increased share price.
OEX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held