The notable silence on this board conveys some indication that there is little shareholders wish to talk about beyond what has been said already. There is an absence of news or details of progress on any front as the end of Q2, 2009 approaches in a few days.
It is the company which sets its schedules through statements it makes and the end of June is of significance in relation to the farm-out of Timor interests.
I am perhaps one of so many anxious for some positive news from the company. My anxiety is based on the fact that I have an investment in the company that continues to decline progressively. I invested because I perceived Oilex to be a good investment due to its management expertise and its prospects and commercial philosophies.
I do hope that we do not pass into Q3 without something released by way of announcement to demonstrate what has been achieved from the more recent cash burn.
OEX Price at posting:
14.2¢ Sentiment: Hold Disclosure: Held
