OEX 20.0% 0.6¢ oilex ltd

Excellent news but derampering continues, page-2

  1. 158 Posts.
    The economics are there - so it is now a question of financing the drilling campaign and drilling dozens of wells.
    Assuming the economics are correct it should be relatively easy to get finance arranged on a phased basis with incremental sales from each producing well underpining further finance, until the whole project is self financing and making good profits.

    As I see it even if you have little money but you have two valuable assets (Cambay and Canning) you can always get finance - others will disagree of course.
 
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