Guys, thanks for the informative posts. It definitely seems to be an exciting time for Oilex. Excuse my naivety as I have only come across Oilex a few months ago and have taken a stake but predominantly in the options as a bit of an all or nothing type play.
Anyway what I would be interested to hear is what sort of time frames we can expect to hear further news if we assume for a moment that Magna does not make a play for Cambay or for the company as a whole. So firstly (particularly interested in the opinion of those who work in the industry or those who have invested in companies as they have gone through this process successfully previously) what are the next few announcements likely to indicate assuming the process runs smoothly. In addition what would be a bit of a threshold to indicate a good result v's a mediocre to poor result. In addition what sort of time frame (if we assume they develop it themselves) is it likely to take before they can start producing revenue from Cambay. Anybody's thoughts and guidance would be appreciated
OEX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held