OEX 20.0% 0.6¢ oilex ltd

News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-62

  1. 1,409 Posts.
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    Ab - exakary my thinking no.99!
    In fact I'd be surprised if OEX could continue with Cambay at all on a poor concept result with marginal commerciality. Unfortunately, they just seem to make too many unforced errors (tennis) to make it viable - too much risk - and I think the market will see it that way also. The market would be very begrudging about a CR in such circumstances and mark the SP down accordingly.

    So it's going to require a strong/positive outcome from the current 77H concept well, and soon, to get a successful CR away i.e. to allow for an overrun cost margin to cover unforced errors going forward with 78.
 
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