Ann: Interview with Oilex Managing Director, page-16

I wonder what Ron's game plan is here to keep the money coming in?? I can't imagine the amount of gas sales being enough to fund future drilling and exploration activities.... Furthermore I am not sure retail investors will stomach another SPP unless we see some sort of rise from the last SPP. IMO it would be a good idea to keep the option holders on board but it really is up to OEX management to offer an extention or release significant news to bring them in the money. I have seen it done in other companies in the past for a small price re-issuing options for a future date. No extension and that will mean likely asset sales and other dubious forms of funding that a prevalent in this end of the market.