Deus_EX_102348 Posts. 109 05/03/1920:17:08Post #:37662738 Argonaut maintains 'Buy' recommendation with a price target of $0.13 "OEL released a positive set of half-year results that were ahead of expectations. The results were pleasing in that the margins are high and OEL is using its strong cash flow to fund a comprehensive exploration program to grow the business. The new Lightning well is going to be tied in by the end of March making an immediate contribution to cash flow. The Winx-1 well on the North Slope has intersected hydrocarbons, and the joint venture is now going to run a wireline logging suite to determine the commerciality of the well. We maintain our Buy recommendation with a price target of $0.13."
