Magna, page-9

Unfortunately London is full of quick buck merchants who have no concept of what Oilex would be worth if Cambay and/or the Canning acreage reach a fraction of their potential .

If Oilex runs up to 20c pre results most of them will sell .

We desperately need an initial prospective resource estimate on the Wallal Graben conventional targets though even that will not stop them selling prematurely .

Although I am from England I've held Oilex since before they listed on AIM >

So many juniors issue equity willy nilly and it always ends up concentrated in someones hand leaving the company open to hostile advances .


What if the magnetic and gravity test have come up with ten 50+ mmbbl structures ?

With extremely high Aussie netbacks 50mm bbl net in that location in a half decent reservoir could be worth upwards of a billion dollars .