OEX 20.0% 0.6¢ oilex ltd

one trick pony

  1. 733 Posts.
    oex still being percieved as one trick pony as evident from a small delay causing 20+% share price reduction.
    not many believed in the story told about Canning basin, last year in july, oilex said " Thus far a number of those interested parties have received comprehensive management presentations, have reviewed the project data room and undertaken detailed technical reviews of the resource potential. As a result of the early interest from several parties, Oilex is currently managing the farmout process internally in order to expedite the activity. " EXPEDITE ! nearly one year on there is nothing to report.
    in a few more days our share base could be enlarge by 19.9%, some one argued that we stood to gain 15% of cambay, well we would loose nearly 20% of 5 other permits that has nothing to do with Magma, what a looser we are . ( thats 3 in WA, 2 more in india and 1 in indonesia ) justified ? you be the judge.
    I just hope the Indian approved the deal before may and the survey interpretation finish with a bang which may lead to big bucks from the majors SOON so we dont have to wait for this one trick pony to complete.
    good lucks to us.
 
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