Griz Just a follow-up to your earlier post. Also taken from the...

Griz
Just a follow-up to your earlier post. Also taken from the same AIM board. Looks like Ron has been busy today on the phone returning calls. Previously this been a for-runner to an ann - maybe he's gauging the wind direction before sending one out.

hiblue
Phonecall
Today 11:38
I have just spoken to Ron also, and Chris Marr I think he said who is going to be chief financial officer.

Basically very similar to spud, he said he is still very confident going to be success. He said he hasn't and certainly won't be selling any shares.

I asked him about sales figures and he said Oilex have only and will only release sales figures in quarterly reports. He said currently selling oil out of 77 and he confirmed storing oil and delivering to refineries.

I asked him why taking so long and he said down to mother nature and this is 1st well of its kind in India. Have not recovered anything other than frac water and that things are still progressing well.

He said that India is very hungry for gas and Oilex are in the right place to supply it to them, it's a great opportunity for Oilex.

I asked him what he thought of the current sp - he said these things take time and if people want to sell their shares that's up to them. I asked him if he was confident and he said he isn't selling any if his shares.

So overall I was pleased with the call. There was absolutely no hint of anything wrong, just it is taking time. He said he is there to provide value for shareholders and he will do that.

I will certainly be holding my shares.