OEX 20.0% 0.6¢ oilex ltd

Chillam,good points, thank you. I like your conclusion, when do...

  1. 240 Posts.
    Chillam,

    good points, thank you. I like your conclusion, when do we exit?
    I have heard about RM in the O&G circles for some time. It is interesting and not to anyone's advantage to spread stories.
    What is important is to understand the capabilities of the management and their ability to take the company into results that spur the sp.
    Someone who worked 76H told me that RM made all the technical decisions on that fiasco. I got worried he is doing the same on 77H.
    Bruce was MD, but a geo, not a driller, fracker or project manager. Let's hope it can all hang together until the well is fracked and producing.
    I wish all SH profit, but I have always said to be careful and plan your exits with great thought.
    All IMHO. being wise means not listening to the salesmen. I remember RM telling the market in early 2012 that Oilex had the money to drill 77H. Clearly, he misled the market. It was on his ii video. It was this statement that swayed me to invest. That's a key reason I feel cheated. The dilutions have dismayed me.
 
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