i dont know how many they still own, but funds sometimes rejig their books. it does not mean they will continue to sell down and the stock seems to have found some support up from the silly lows we saw. this cambay well is very exciting to me as it has several oil and gas zones and they are larger than i expected from the available data. This well should greatly increase the prospects of the entire field for OEX as they have encountered new productive zones by the looks of things. i expect oex to produce over 4-6000bopd sometime next year. this would justify a market cap of towards 2-3 times the current value on those posted comparisons. We also have about 8 more wells to be drilled by years end into known oil fields and large targets. should be a fun year for us. dyor.
OEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held