News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-30

57% off it's highs from 8 weeks ago, says it all really. The market has spoken in regards to the risk factor
associated with 77H. Hard to accept that 10 weeks after flowing back 1200 bowpd, we now flow-back
229 bowpd with the aid of nitrogen lift.

One thing is near certain, for mine anyway, if we are kept in the dark over the next 3 weeks or so the SP
will probably be back to pre-spud prices. I know regular {like weekly updates} will not alter the final
outcome, good or bad, but any silence from here as to recovery rates and hopefully improved ones, will
signal the death knell. At this paltry rate of return {229 barrels} it should take 30 days to fully clean up. I
would have thought that with all the work-overs supposedly successful and the introduction of nitrogen
lift, together with the real possibility of opening up the choke further, we could accomplish clean-up
in less than 30 days, 2-3 weeks would not be asking too much.

Time will tell and there aint much of that left

GLTAH