OEX 20.0% 0.6¢ oilex ltd

Ann: Trading Halt, page-10

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  1. 1,722 Posts.
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    We all knew a c/r was coming .

    At least there tried to raise a decent amount rather than just drip funding .

    People underestimate what Ron has achieved in difficult conditions on a shoe string with very few wells .

    Oilex's original agreement with Magna was for a farm-in . Ron never wanted to dilute the whole company . He tried to do it at a project level with an attendant reduction in financial commitments .
 
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Currently unlisted public company.

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