OEX 20.0% 0.6¢ oilex ltd

Wasn't going to post until flow test results were released, but...

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  1. 893 Posts.
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    Wasn't going to post until flow test results were released, but it seems fairly evident what is happenning
    here. Speculation of 77H returning 200 boepd+ are fanciful. They will be lucky to get half of this with
    a well that has been severely compromised. Just grabbing some cash for their next go at 78H would be
    my reasoning, which is entirely understandable. If you had confidence in the results then why raise cash
    now? Anything is possible I suppose but this CR indicates odds point to an ordinary flow test, not very
    surprising in light of the circumstances.

    GLTAH
 
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