OEX 20.0% 0.6¢ oilex ltd

Ann: Canning Basin SPA 17 AO - Work Commitment complete, page-3

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  1. 1,409 Posts.
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    For all intents and purposes the Canning anns has had no discernible effect albeit on a minuscule turn-over. Muted response is an over-statement!

    Looks like the market is only interested in one thing at this stage.
    Maybe it could even induce a cynical response from the market, as you suggest, with a further sell down.

    I absolutely hate to trash talk a company, especially OEX (as you well know), but even I'm finding this prolonged delay in publishing any test data as smacking of double checking results to confirm a poor outcome. I'm not selling mind you, just not buying any more at this time as I'm probably over-weight for this stage of the game. In poker it would be sitting on a reasonable hand and paying a lot to see what your opponent has, whether they were bluffing - a high risk strategy I know.

    If this flow back/clean up and initial flow rate testing are going to take a month, then we are now half way!
    I'm fearful of where the sp will be if we have to wait another 2 weeks. As I said, I'm holding, but I may be very over-it by the time results are posted.
 
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