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3,770 Posts.
107
19/12/08
05:37
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dearydearyme, I dont think so mate.
Lets see what happens Monday.
No reason for a merger to happen with BOW. Oilex will be fine operating on its own.
Great move if it is a cash raising by OEX. This will help in getting oil production from Indo and Cambay ramped up and into the market.
These guys will be cashflow positive in 2009.
I think shareholders will look back at this in a few years time and realise why this is the right time to do this. (too bad the market is depressed)
I remain fully invested.
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