OEX 20.0% 0.6¢ oilex ltd

At what point are we considered junk status ?, page-3

  1. 1,722 Posts.
    lightbulb Created with Sketch. 29
    Disagree .

    This is now being driven down by parties which are either shorting it or wanting to pick up the whole shebang on the cheap .

    If it was listed on ASX only the shareprice would not have collapsed to this level . AIM is a large part of the problem .

    IF and it's a big IF they can demonstrate sustained flow from this well at > 0.5mm + 40bbl per day the concept is proved technically .

    Please see my previous post regarding communication of fracture networks as I don't think the significance has been understood by many people .
 
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