News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-21

Yes very painful to watch the share price but I think it is compounded by the markets being smashed which creates a sense of fear to sell regardless of how close OEX is to success. Maybe it is good time to pick up some more... heck if we see levels of 5 or 6, 7 cents again I am sure traders will be all over it and eventually pump the share price up for a quick profit, even some of those vocal critics of OEX I suspect will dabble in a trade. I certainty did not expect OEX to fall back to this level considering how advanced they are compared to only a few months ago. 77H maybe a small proof concept well but IMO it will be critical in future success in drawing new investors to reap the benefits of full production by developing further wells.