reasons for sp, page-5

the oil price assumptions were high, but so was the dollar assumption. Hartley's had that at around 77c. its about right as they matched out.
the spending has slowed right down, its now about production. The cash left, will allow them to grow that. the delays in indonesia put things closer than they thought, but the company is fine imo. When they get the 2p reserves out, they can do what ever they need with flexibility. They can bring this out when every they want, since they have reserves. They have been holding off while they accumulated more data to increase the reserves. The recent discoveries can only increase that. I would like to see oex concentrate on India. Its the jewel in the crown for the company and a great long term cash maker. The recent increased cash burn has now ended. The market is looking sick overall. I think oex could sell off its 2p reserves for multiply times its market cap next year if it wanted.dyor.