The oppie buyers are crowding in alright, but they're not moving the price around much.
Speaking from personal experience, they're a very mean bunch!
It looks like we'll need to see a positive sustained sp on the heads before the oppie buyers will step up.
We now have a clear timeline (see below extract from ann) which says our next ann will be next week re commencement of stage 1 fraccing - so maybe we'll see a resurgent surge this Friday or early next week.
"Other preparatory activities for the Cambay- 77H Well have also commenced to ensure readiness for the Stage 1 fracture stimulation next week. .......
....... During the fracture stimulation operations, Oilex will inform the market using the following update milestones.
Commencement of the Stage 1 fracture stimulation ...... [next week]
Completion of the fracture stimulation programme (consisting of 4 Stages) ...... [how long??]
Completion of the plug mill-out operations ...... [how long??]
Any announcements in relation to flow back and production testing will be dictated by the Well response to the stimulation programme."
OEX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held