OEX 20.0% 0.6¢ oilex ltd

News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-22

  1. 1,409 Posts.
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    My primary concern at this stage are the financials, such that we are not forced into a CR at this low level pre commencement of flow tests, which would really put a tear in the nighty and see the SP really gasping.

    I see that some people have spoken strongly on both sides, that we do/don't have the funding to carry us forward to commercial flows and receipt of income - otherwise we'll be trading in a financially illiquid state (I gather this is not entirely legal).

    I note that the next QR is slated for release 29 October, so I guess 29/10 is the ultimate linen the sand before we discover the exact state of the books, pre AGM. A pretty fine margin.

    I bet Ron & FCO not very happy about being put under pressure at this stage of play, as he's handled matters fairly well to date.
 
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