OEX 20.0% 0.6¢ oilex ltd

Chill, I won't be smiling till they extend those oppies, then I...

  1. 893 Posts.
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    Chill, I won't be smiling till they extend those oppies, then I will jump back on board. Hard to see the SP >15c
    come Sep 15 though. It only touched the 20's when we thought we had sh**loads of oil and the acreage had been
    de-risked. That is still to be proven. Can't understand the sudden appreciation in the SP of late apart from work
    programs, maybe small reserves booked for current gas production {which is minimal}. What about the funding
    for future said drilling program? No runs on the board for mine, but happy to see SP appreciate for those that
    remain and if a CR is done v a sell down of WI, then less dilution at the higher price augers well.

    GLTAH
 
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