OEX 20.0% 0.6¢ oilex ltd

Nice post Chill. Step towards cash positive operations being the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 893 Posts.
    lightbulb Created with Sketch. 9
    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
 
watchlist Created with Sketch. Add OEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.