OEX 20.0% 0.6¢ oilex ltd

The oppie buyers are crowding in alright, but they're not moving...

  1. 1,409 Posts.
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    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.

    Until then, time to unwind a bit.

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    "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."
 
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