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0.6¢ oilex ltd

News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-59

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chillam

1,409 Posts.

3

15/10/14

10:42

Post #: 14126990
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Originally posted by jacobmoore ↑

Chilam ... try not waiting for results . Odds of a good commercial find are slim (5-8%) depending on which stats u believe. Find a good oiler , get in month or two pre spud and make sure no CR is needed ! Then sell half on the hype of post spud and 30-40% soon after just before any bad news can come . I sometimes hold 10 % or 30 % of PROFITS all the way depending on news . If you buyand hold oilers from start to finish you will go broke according to thenumbers , no matter how much u know about oil fraccing etc .Hope this helps in future.

imo , not investment advice

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Jacob, sage advice my friend.
I'll be doing the same from now on.

OEX Price at posting: 8.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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