OEX 20.0% 0.6¢ oilex ltd

I don't think the production rates from the wells produce enough...

  1. 170 Posts.
    I don't think the production rates from the wells produce enough to cover corporate overheads.... Though I haven't looked in detail for a while.

    When I held during the last drill, thought 3mscf /day initial rate to attract serious investor attention.

    Think this is possible, but to get a re-rate and they need to "crack the code" to quote the management.

    Time will tell if they need to capital raise. ... But they have just changed all their brokers. A sell down of Cambay is possible - but tough in current climate. If they do raise and the price dips (I agree with you this share can fly if this development takes off ) I think it's good timing to increase your position.... 4 to 5c would be good for me.
 
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