OEX 20.0% 0.6¢ oilex ltd

News: Oilex to drill up to four new Cambay wells in 2015, page-6

  1. 1,065 Posts.
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    Gotta laugh at that Paragon character over at the lse board....every time he opens his mouth the prediction of hitting 10p gets further and further away....it used to be weeks, and then he changed his tune,when it all went pear shaped to months (which we all did).....latest is he sees this hitting 10p within the next 3 yrs...WOW! ...only another 3yrs to get closer to breaking even....a lot can happen in 3 yrs ( well maybe not with oex to date)....but if the next 2 wells go smoothly now they have had a couple of "practice runs"...and start getting gas to market ( and a few more bottles of oil).....who knows, they could have another 20 wells supplying gas to india (gurat)...whatever,share price might be at 2 dollars in 3 yrs...maybe a far bigger operation will come in and buy oex out, once they have a few more wells hooked up to the pipeline.
 
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