splow,the market doesnt always get it right though.The primary...

splow,

the market doesnt always get it right though.

The primary is a bigger target. Oil shows in sands nearby is a good sign. Has the oil come and gone, or is it still down there? Guess we are going to know pretty soon.

As an aside on valuations etc..

OEX has cash of around $20m. Current MC of $37. Enterprise value of $17m in the results, as well as 2 possible more wells in the JPDA and a shot at gas in WA388P. Not bad prospects overall.

Cheers,

SF