SP is looking sicker as a result of the market getting sicker!
Fundamentally the company is looking healthier than ever. Oman first well seems to be looking like a producing well. Although we had some complications Oilex's team have gained valuable information/experience to assist in the remaining wells to be drilled.
Cambay has spudded and we should have the news starting to roll in sometime next week in a field that has proven reserves.
Its all heading in the right direction IMO and the market will work it out soon enough.
Some are saying oil is heading towards $200 a barrel.
IMO if oilex was to have medium success over the next 6 months the SP will head towards $3 in no time.
Keep the faith oilex holders!
OEX Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
