oilex is sitting on a mssive oil field.., page-4

the oil is there and its economic [first well is commercial] even with their first well experiencing some issues with cementing etc. The hydrocarbons are movable in this area, so thats greatly increased the near term value of the oil field imo.i think its more the case of the flow rates on these current wells. this second well in Oman is also hitting the oil zones. Given what they have picked up from the first well, we might expect a good result. please also remember, this field could be up to 350moip, so stay tuned. dyor