Cambay and Canning !!!
No matter how you tilt this situation Oilex is in - it has a brilliant future given some careful management. Management may have been questioned on some aspects recently, but it is taking learnings as we go with the small fraccing job and how this interacts with the Cambay geology. Some new and important blood and experience has recently been acquired. These new hands will be instrumental in the transformation from "a hit and miss explorer" - to oil and gas field developer in Cambay. What a great time for the Oilex employees and shareholders alike. Well, well, well (oil and gas wells!!!) and truly undervalued at the moment. Would not be surprised to see a different and increased shareholder happiness by Christmas.......dependent on how the contingent wells are funded ofcourse. Lets hope a bank can be convinced on the producibility of the old and oil/gas soaked Cambay .......employing say 1500m horizontal laterals and 20 Fraccs!
OEX Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
