Could price rise on LSE Friday night have more to do with Modi election than Essars demob.? I don't know. Jim Rogers is pleased but remains sceptical regarding India's stagnant beaurocracy.
All I can say is that Modi in power is encouraging for companies in Oil and Gas exploration and production. BHP pulled the pin a while ago. Good on Oilex for perservereing.
OEX Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held