Can't understand why this stock has not taken off. You could argue that there are guys sitting on the fence and not willing to re commit , but all said and done these guys are drilling right next to the well that was proving to be very profitable before the well was abandoned due to inexperienced staff and equipment. One would think that if Oilex were to string their shareholders along and have no confidence that there is oil here they would have just stuck a pin in the map and drilled elsewhere. I have no doubt that this time they are going to get it right and the dollars are going to flow, so if you want some cheap shares this is the place to be buying.
OEX Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held