OEX 20.0% 0.6¢ oilex ltd

gujarat block 1.3tcf gas 1.6billion barrel oil, page-3

  1. 31,884 Posts.
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    Well I haven't followed OEX for a long time. Still going at it I see. Drilling results has piqued my interest. On the face of it, it looks very promising, so I took a punt on a few of those oppies OEXO. If OEX does start re-rating, the oppies are a bargain with around 20 months till expiry and a strike of 15c. If OEX manages 20c (double) oppies will be at least 5c (triple current) but it''s after that that the real multipliers come out. OEX at 30c means oppies around 15c (almost 10 bagger).

    Currently OEX is around $50mill marketcap. Can it get to $150mill? Interesting setup.
 
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Currently unlisted public company.

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