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.
OEX Price at posting:
7.3¢ Sentiment: None Disclosure: Held