OEX 20.0% 0.6¢ oilex ltd

Ann: Oilex tenders for additional 55% interest in Cambay PSC, page-3

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  1. 240 Posts.
    Hooray, good riddance to these recalcitrants, they have been a very negative contributor, and I hope that OEX can secure the balance. Obviously, funding then becomes a major issue and another rights issue is probably due as a result. I cannot imagine that GSPC needs much to escape this asset, they are financially challenged, which means they are almost bankrupt. I would assume that GSPC will want to sell their debt, so anything more than that would be unexpected.
 
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