OEX 20.0% 0.6¢ oilex ltd

Littlecorn, According to the announcement they are expecting a...

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  1. 1,815 Posts.
    Littlecorn,

    According to the announcement they are expecting a 10-12 day delay because of a mechanical issue with the rig. On a positive note they are doing an airbourne gravity/magnetics survey. IMO if the results are positive this will be good but if it isn't it will be a costly exercise as knowing Aviation companies their services don't come cheap. It is very much a speculative buy IMO as the announcement that this is a true "Frontier Area" with little data.
 
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