OEX 20.0% 0.6¢ oilex ltd

Contingent Resources to Reserves

  1. 55 Posts.
    "All proof-of-concept activities have been successfully completed and the objectives achieved. A full data package for Cambay-77H is being compiled and combined with other Cambay Field production data for an independent reserves and resource assessment update. This update may result in conversion of some current Contingent Resources to Reserves and the results will be disclosed to the market at that time"

    What does this mean?
 
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Currently unlisted public company.

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