OEX 20.0% 0.6¢ oilex ltd

Your good poking fun post is met with minimal negativity it...

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  1. 158 Posts.
    Your good poking fun post is met with minimal negativity it seems - that must be good on this board?
    Forecasting the future is tricky but I would expect Ron to understate the upside because of the constant deramping and bad press he gets especially on HotCopper.

    Possible positives could be:

    1. If Ron reports progress maybe he has a reasonable expectation of a trouble free completion?
    2. Pre-commissioning activities could be under budget?
    3. The low pressure gas pipeline is out of control of OEX so if they gas buyer reneges or takes longer than anticipated this could be very bad news - the buyers need the gas to satisfy demand so a quick hookup is likely?
    4. Expectations are for the field to produce 50-60 boepd what if it flows significantly higher than this?
    5. Expected commercial production is May 2015 - what if he is on time or early?
    6. The reserves and production capability must surely be there - and this is contrary to what most de-rampers state.
    7. I beleive Ron would not have pushed ahead with these production facilities if he was unsure of the production capability, and Oilex has a reserves report due in April?

    Time will tell - but I have always maintained that Cambay is commercial - I hope I am proved right in 2015.
    Last edited by Joatmon: 26/03/15
 
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