OEX 20.0% 0.6¢ oilex ltd

News: Oilex to drill up to four new Cambay wells in 2015, page-9

  1. 240 Posts.
    Allbright, the market will not move because the plans are just plans. it needs money and the investment level (OEX share) equals current market cap. so there's no commercial credibility yet. farming out is unlikely, they tried that before and the govt of India rejected it. no reasons given that I am aware of. not sure what will be dreamt up by the board. they need 500 million new shares at 5 cents. seems unrealistic at this point in time.
 
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