OEX 20.0% 0.6¢ oilex ltd

CR with Darwin, page-51

  1. 1,409 Posts.
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    Spot on boysy & mandurah.
    For mine, RM has managed this very well - no problems.
    30 days is exactly what we don't want at this stage of company re/building.

    If all goes well with 77H and OEX I'll be on a plane back to Oz for the next AGM so I can thank Ron personally and shake his hand.

    I expect I won't be alone. I will look forward to meeting madurah, just a short trip up the bitumen for you, and BD, boysy etc ........ but will I have the pleasure of finally meeting BH and wantono - our will you still be in high dudgeon, bitter at Ron's success?

    My understanding is that OEX wants to establish:
    . proof of concept from this well i.e. commerciality of the Cambey region's deep tight gas/liquids play using US fracc technology and
    . bankable reserves of commercially available resource
    . a re-rating of its market cap
    . immediate off-take sales to get the income stream rolling.

    This will then allow OEX to:
    . establish a commercial business case to underpin funding for full field development, and/or
    . ripen OEX for take-over.


    I tell you, BH & wantono would be absolutely puking if they read the posts on Interactive Investor, the UK equivalent of HC. Nary a cross word for Ron.
 
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