OEX 20.0% 0.6¢ oilex ltd

It is probably best to wait until the next Quarterly to evaluate...

  1. 1,815 Posts.
    It is probably best to wait until the next Quarterly to evaluate what the significance of these oil sales has been than to speculate on these 20k figures. Last quarter there was only 73k worth of receipts from product sales and other things so if what they are saying is true (having transported oil to a refinery for sale) there should be much more higher value of receipts in the next quarterly, however with this delay now stretching into September the operating expenses could out way the sales of oil which may explain the lack of enthusiasm for OEX. It is quite painful to watch the share price getting hammered at the moment when there is potentially company making announcements that could be released at anytime.
 
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Currently unlisted public company.

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