News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-7

I'm with you guys.
It's all hanging off getting the 1 month of flow tests completed - but they have to start first.

Ditto my concern about corporate burn rate and costs re additional CT exercises to clean the tubes.
Like, how many more of these can we expect going forward?  Hopefully less than once every 2 months.

But in the midst of this, management must juggle the AGM and QR which should reveal exactly where we stand financially - oil sold for $x etc  Do we have cash in hand and reliable/contracted sales to cover projected costs for next year?  Not just our share of one extra well - all costs.

I've been 'rusted on' but this is testing even me.

I've seen OEX go thru this routine many times before - and I really believe(d) the story.  It's still credible, but we must all review our individual buy-ins and our projected ROI break-evens.  If you buy in early (low price) and endure too many CR/dilutions then your prospects of ever breaking even is majorly reduced. It's those that enter later in the day (after the CRs), like Magna, that stand to profit the most from our perseverance & loyalty thru all these dilutions.

Eventually I've got to step back and try to reconcile/justify my original investment rational with subsequent  performance reality. At this stage, for me, it's on a knife's edge. While the risks for the individual drill at 77H is slowly being reduced(?) my overall risk exposure over a considerable period of time means that unless this throw of the dice turns into a 5 bagger I've actually gone backwards/done me dosh over these years with all the dilution, averaging up/down etc.

OEX is testing my resolve (not loyalty) - basically at the end of the day dollars pay for very day life, loyalty to a story/dream will not.

Any way that's my rant for the day.