News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-63

Chill & Allbright, you have hit the nail on the head particularly as concerns the price of the Tails. If 77H is
marginal {imo a good result considering 77H has been poorly fracced} then the CR has some hope of
getting away and the Oppies get some life breathed into them providing they don't stuff around too long
in getting 78H off the ground. If the result were marginal I would gladly participate in the CR and get back into
the heads.

The next quarterly or AGM SHOULD imo be preceded by a production test. Surely, that gives enough time from
now to complete flow-back if all is well and they can increase that 229 bowpd recovered by opening the choke.
Trying to raise funds prior to flow test would be an unmitigated disaster. How could you possibly ascribe an
accurate/fair price in a CR without these results being made known?

Let those who want to hang around
for Canning or other projects participate in the CR after flow-tests have been announced.

GLTAH