Ann: Cambay 77H GSA Endorsed, Move to Production, page-6

Nice post Chill. Step towards cash positive operations being the operative word. I'm a bit lazy to go over future income
streams from current production 73, 77H etc v admin/operating costs etc to see whether they could be covered without
the need for a CR just to keep afloat. At first blush I would think not but I may be wrong. We will have to wait and see
the full final costs for 77H v what Oilex currently has in the bank.

A forward drilling program must be initiated together with a substantial CR to fund that program. I'm sure part of
the funds raised will be allocated to "working capital". Looking with interest toward their next quarterly.

GLTAH