News: Oilex climbs as resources upgrade brings production nearer, page-9

I don't think the production rates from the wells produce enough to cover corporate overheads.... Though I haven't looked in detail for a while.

When I held during the last drill, thought 3mscf /day initial rate to attract serious investor attention.

Think this is possible, but to get a re-rate and they need to "crack the code" to quote the management.

Time will tell if they need to capital raise. ... But they have just changed all their brokers. A sell down of Cambay is possible - but tough in current climate. If they do raise and the price dips (I agree with you this share can fly if this development takes off ) I think it's good timing to increase your position.... 4 to 5c would be good for me.