OEX.
Has one of the most cost effective oil producing fields in the world with Cambay (india).
I'm hearing its as low as US $6 a barrel which is already in production.
They have just raised some capital at 23c and have the cash in the bank to make it to cashflow positive in 2009.
Also a very well respected management team as well that has a very good track record.
Have a look at the following and make up your own mind.
http://www.oilex.com.au/files/08Dec22%20OEX%20letter%20operations%20update.pdf
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