OEX 20.0% 0.6¢ oilex ltd

Range Resources Comparison, page-2

  1. 122 Posts.
    as i just replied to you on LSE

    I noticed that but didn't find it odd, IMO what OEX are comparing is that 73 can produce, 76 was a failure, 77 is producing but was for POC and data retrieval, it is possible that 78 may be where they "nail it" and hit big production figures. It's not directly comparible in production terms, it's a graph which illustrates that once they find the winning formula, horizontal length, frac spacing well diameter etc that the increase in production will rocket.

    it's a graph that illustrates what happens when u get the formula correct, IT IS NOT a graph that illustrates comparison between resources

    In short OEX are saying look at them, it took them 4 wells to get it right and look at what happened after that.

    Basically, trust us we're on the brink of getting it right then you'll be in clover.
 
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