OEX 20.0% 0.6¢ oilex ltd

My rave - random thoughts! So, will they be designing a gas or...

  1. 1,409 Posts.
    lightbulb Created with Sketch. 3
    My rave - random thoughts!

    So, will they be designing a gas or oil well?

    And after two failed Cambay attempts will the market trust a third throw, at what cost. What will be the bottom line costs of 78, fully risked? - CR, dilution, more of Darwin etc
    Surely the current buyers at 6c must be aware of the near certainty of a CR.
    It's a pity they didn't do a CR at 20c!

    Will they do a CR before or after the flow test results? i.e. between the AGM on 18 Nov and ~ 27 Nov or after 27 Nov. I guess it will depend on what they know about flows on 17 Nov.

    Here comes 4c after CR - deja vu all over again.

    One last thought - surely the Indian govt JV partner must have a say in all this. Maybe they've had a gut-full and will draw a line under their ongoing bleeding of funding OEX dreams. Ah ah, so now the penny drops, daa - I see, that's where our Indian Chairman pays his way - nudge nudge wink wink say no more!! It keeps the grave train in motion. What Modi doesn't know doesn't hurt anyone, right.
 
watchlist Created with Sketch. Add OEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.