OEX 20.0% 0.6¢ oilex ltd

Decades of production from Shale, page-7

  1. 240 Posts.
    J,
    contractors just do what they're told to do. There are two main points here.
    1. Money has to be made. The well has to be drilled cheaply, Fracced cheaply and put into production fast. The last well and all the wells beforehand have failed on all these accounts. Remember that this last well was spud 9 months ago.
    2. To drill 100 wells takes about $1B. Who would provide this sort of money to a market cap of $30M?

    theres a long journey ahead. GLTAH. I am disappointed Sh did not take the opportunity to change something at the AGM. No sympathy. We all get what we deserve.
 
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