OEX 20.0% 0.6¢ oilex ltd

September Field Work, page-2

  1. 175 Posts.
    Albright, I agree this selling doesn't make much sense. I suspect some people are getting caught up in the sale of the placement shares (payment for the Cap raising) being sold on the Market to make their fee.
    OEX have their $30M and the Rig Tender for 78H & 80H are under consideration, so it is just a matter of time before the price starts to climb again. I don't see any correlation between the workover wells versus 78H & 80H as the 5 workovers will be done by a small workover Rig..... completely separate from the two new horizontal wells. The expiry of the oppies really means 188 M less dilution in reality now.... I had 5M.... so I share the pain.

    I was buying today .... its time to accumulate.....
 
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