In answer to your point 3, The low pressure gas pipeline is out...

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ejlavin

55 Posts.

26/03/15

22:23

Post #: 14988683
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Originally posted by Albright ↑

BOM,

I'll see if I can read some negatives into the great announcement for some entertainment

1, The project is only 77% complete so it could be interpreted that there is a 23% chance of it falling through or taking longer than anticipated

2, Pre-commissioning activities are only forcasted to be within budget so there is a potential for it to go over 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.

4, Expectations are for the field to produce 50-60 boepd what if it flows significantly less than this?

5, Expected commercial production is May 2015 however OEX has form in projects taking longer than expected?

I am sure there are plenty more negatives that people will read into this announcement....

Having said that if Ron pulls this all off, those options could come into the money by May 2015 but there is a lot of variables and the market has not been kind to OEX if they do not deliver on schedule. Is this the market making event for OEX or will it be another pump n dump year for the stock.

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In answer to your point

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.

if anything given the recent news from Gujurat concerning the Goverments concern that power plants may not have enough gas supply; we may see that completed faster than expected.

OEX Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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In answer to your point 3, The low pressure gas pipeline is out...

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