The general investor/trader really needs to take some time out and read up on OEX before comments like yours are made.
You want cashflow?
Well Oilex have only stated a million times that Indonesia comes online 3rdQ. Production will start at around 1200 barrels a day with the potential of up to 6000 barrels a day not too far down the track.
They have over $40m in the kitty that will take care of business well into 2009 and with Indonesia ramping up then OEX wont need to raise anymore cash for a few years to come.
By that time they may go to the market to raise cash at closer to $4-$5 a share.
The market is not understanding OEX.
The bigger players are set. They have done their homework just as I have.
Goodluck. IMO you will be wrong.
By the way this post is not aimed at you, its aimed at the investor/trader who have no idea.
OEX Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
