Hope your positive take turns out to be correct ejlavin.At this...

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donnybrook

647 Posts.

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01/04/15

13:12

Post #: 15019553
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Originally posted by ejlavin ↑

Seems to the stars are aligning.
GLA
"Nevertheless, I believe 10p+ is entirely possible, if not probable, once Bhandut-3, Cambay 73, and, more importantly, Cambay 77H are completed and connected for gas/oil supplies. If the recommendations reported by OEX are implemented, the vertical pipe has a smaller diameter production liner inserted (to reduce the head weight in the pipe) and the perforations are opened up a bit (no idea how easy it is to this without damage/blockage risk), etc the production output should be significant and give a good revenue returns to help pay for the remaining well workovers.

In addition, the NSAI independent resources report for OEX is due to be published in April and, if significantly improved due to the increased oil to gas ratio (now 50/50% per boed) in the Cambay Y-zone.

Finally, if the two deeper Cambay wells planned late in 2015 find oil/gas in commercial quantities, we could see an even more massive re-rating of the OEX market price. This could be a very interesting and important year for OEX and all its shareholders... and we still have the Canning Basin opportunity progressing in the background."

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Hope your positive take turns out to be correct ejlavin.At this stage it looks like it could be a classic P+D.
I just trust its a bit of profit taking.Any one out there with a bit more market savvy than me prepared to comment?

donnybrook

OEX Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Hope your positive take turns out to be correct ejlavin.At this...

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