Excellent news but derampering continues, page-10

All inputs are most gratefully received, especially divergent ones.
Reinforcement of opinions is dangerous, particularly bias confirmation.
So, thanks to all posters of what ever persuasion.

So called facts are tricky things - most often they tend to emerge after the even i.e. hindsight confirmation of strongly held opinions due to experience or research = facts.
I suspect the facts of Cambay will emerge over the years - it's a bit to early yet to judge.
What is a fact though, is the lack of success to date by Oilex. Whether this will continue going forward is yet to be seen.

I also suspect that Cambay turns out to be somewhere between Joatmon and Mandurah.

My take on the last couple of announcements is that Oilex will drill the wells sequentially, starting with gas play wells using shorter laterals of 700m to minimise risks and to dodge the current low oil prices. Followed by longer lateral gas/oil wells over subsequent years. Funding required at the outset will be for the pure gas and ramping up after successfully flowing gas and income, with greater equity slowly accruing to OEX and shareholders.

In hindsight it would have been better to have raised funds in April/May when the SP was ~20c. Then everyone would have been querying on what basis, considering 77H was not yet completed.

We are back to the reality of 5c heads and .02c tails.
I also suspect that my good friend and past sparing partner AB, is getting pretty warm, close to what we are faced with atm.

I'm continually travelling o/s, living in Aus is just too expensive, so don't expect to participate in the SPP. Furthermore, I can't justify sinking more $$ inter OEX, it's already made a significant dent in my retirement funds. If I can get my money back I'll be chuffed and consider it a good outcome.