News: Oilex climbs as resources upgrade brings production nearer, page-6

What's pushing the price to 16c when Brent's at 60, no drilling and a cap raising possible? I don't get how the options could be in the money? Canning deal unlikely and a new broker appointed - as the investors from Patersons aren't keen after the last failures. Production rates are not going to push the price - even when hooked up.

Re- entry point is a capital raising next month - I guess if they want to secure partners funds and their own funds in time for a pre-Christmas drill.

Hope for holders that the price hits 15+. For my mind this is unlikely and investment point is cap raising for next drill - and company re-rate will be slow as production builds and condensate sale price picks up in 2016 and 2017.

Serious money to be made if you get these at the right price. Cover long term losses by taking some profits pre-spud. All relys on long tem holders selling enough at low prices out of frustration....