Open Letter to Oilex Board Some years have now elapsed since a...

Open Letter to Oilex Board

Some years have now elapsed since a dedicated exploration program has been in place in Cambay. It appears that all the energy being expended is on clinging to a faint hope that somehow the current JV problems, including the outstanding cash calls will miraculously be resolved. What many of us want to know is the status of GSPC's ongoing involvement, are they to be written out of the equation, and if so what contingency plans are in place. We are well aware of the potential that exists (and are continually reminded of this by yourselves) What we desperately need is a transparent plan of action for the future, enunciated in clear and unequivocal terms.
You claim to be competent professionals and are well renumerated for your efforts, so isn't it time that shareholders, many like myself (who have been here for ages) are given a truthful explanation of the current state of affairs.
Thanking you in anticipation