OEX 20.0% 0.6¢ oilex ltd

It might be true that the management has nothing to say. they...

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  1. 240 Posts.
    It might be true that the management has nothing to say. they don't have agreement with GSPC to drill a well. they dont have the funds or the courage to drill a sole risk well, they don't have any assurance that the lease will be extended, and if they rill a well that is successful, then the indians are less likely to allow a foreign company to benefit. Indian government has not yet earned its stripes in integrity. so no news is no news and the company is a dog, ruined by a consistent bad management over the pat 10 years and the fact that they don't have a reliable partner. very difficult to operate on 45%. don't waste your time looking at this company and based on the frequency of comments, not many are interested. I have cash and gold at the moment. I sold shares, I sold property and now look to buy back in once Warren Buffett announces his retirement and wall st slumps or gets trumped.
 
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Currently unlisted public company.

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