Oex last night closed up 19.35% on a t/o of 5.8 on the LSE. Yes...

First 11 Last

Share
Profile

Follow
tbaulch

436 Posts.

18/10/14

06:31

Post #: 14143346
Share

Originally posted by Joatmon ↑

You may be right - but the relatively poor well performance is because (as has been stated many times) the well is still loaded with frac water. We need to see what the well delivers when the water is not a significant factor and that takes time - weeks.

This is not a normal vertical well, it is a baby horizontal well in a tight shale formation and these wells taken weeks to clean up on a small choke so as not to damage the formation deliverability. If you crank open the choke you can clean this well up quickly but you will also screw the well up, the fractures close or get clogged up (as happened initially with this well).

I may be wrong but it makes sense to me for Oilex to want to keep this well as a long term producer (an early benchmark well) to see how it performs over time (this well will be a relatively modest 'keeper' in my view), and not a 'flash in the pan' attention grabber soon to die, designed for gulible investors to throw money at.

So I think it is pointless castigating Ron / Oilex for not giving the information you think they should do, or saying they don't know what they are doing - you are not there in the field in India and neither am I.

I think Ron is right and patience is needed for a good result, not earth shattering but enough to confirm commerciality and to justify a pilot development of the field.

My advice is to hang in there and don't get to teed off with the waiting.

joatmon

Expand

Oex last night closed up 19.35% on a t/o of 5.8 on the LSE. Yes I had to look twice.

OEX Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 29 more messages in this thread...

First 11 Last

Add OEX (ASX) to my watchlist

Oex last night closed up 19.35% on a t/o of 5.8 on the LSE. Yes...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024