The most action on this forum over the weekend for months...
Ultimately the value of Oilex is the liquidation value of its assets. If 77H flows commercial OEX picks up the recoverable value of Cambay reserves which by all accounts seems massive. It's all about can they get I touting ground commercially. If they can, the reserves are worth a mint. And to you my fellow shareholder is that it will mean that mint will transfer to us the Oilex owners.
If Canning shows great promise for multiple JV then that could have free carried huge ramifications for Oilex.
OEX Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held