Regarding your comment "a market believable Cambay reserves probability/upgrade and confirmed gas sales (with increasing curve) into India."
I agree - and we need to remember the Cambay reserves are calculated by an independent third party and will always be conservative (so the third Party does not end up with egg on it's face) - so reserves believe-ability is a given (except by serial derampers of course).
As for Canning I would think Oilex will go for more than one well with a free carry (no cost to Oilex in return for a JV agreement) and also some cash - but that is just a guess.
OEX Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
