Australia's largest stock trading and investment forum Australia's #1 stock forum

OEX

Click for more information

20.0%

0.6¢ oilex ltd

OEX Cambay Crude Oil Result is GOOD !!!, page-2

First 2 Last

Share
Profile

Follow
Shipstern

332 Posts.

2

05/08/14

18:05

Post #: 13773650
Share

Originally posted by rustydog63 ↑

I don't think the OEX holders understand what they are reading in the latest Oilex Announcement. The fact that we have API 50 Crude Oil coming up in the flowback is good. API 50 Crude Oil sells for $100 per barrel. Crude oil is simply trucked to a collection point and sold to the cracking refinery. Gas, on the other hand requires much more sophisticated collection, transportation and refining... anyone ever seen how big Gas Plants have to be? Gas produces less energy than Oil. That is why the Cambay Gas will sell for $ 8 per thousand Scft which is the equivalent of $48 per BOE of Condennsate. Wet Gas wells (ones which produce oil and condensate) are far more valuable than Dry Gas wells!
Go Figure...... Rusty

Expand

Excellent point rusty, the boys are churning the a of OEX shares and lovin it, feeble knees fold and the patient ones see blue sky everywhere with bells, whistles and shooting stars. Time to accumulate now if it hasn't been a screaming buy already,

OEX Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Optimising your equity market strategy: Tips for investors

First 2 Last

Add OEX (ASX) to my watchlist

SPONSORED BY