junior producers, page-10

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