Well lets see how the Australian market takes Ron's announcement...

Well lets see how the Australian market takes Ron's announcement this week, ASX investors seem to sell every bit of positive news OEX announces. If we don't see any meaningful rise in the share price there really is nothing more to say about how Ron has disappointed holders yet again on many occasions in the last 6 months.

As for RM having integrity I would call it more like looking after his own bacon which means having enough money to pay himself and cohorts big dollars over the next 6 months. Another round of rinse and repeat of capital raisings and pumping and dumping of the share price with nothing in it for us holders unless we manage to sell at the right time.

For most long term holders I don't think you can really believe any announcement that comes from this mob anymore and it is more of a recovery mission now to minimize losses which most will get an opportunity when the powers behind OEX decided we need another artificial pumping of the share price.

From the well production point of view I do hope for everyone's sake the numbers lean more towards exploiting the gas potential of Cambay because with the current price of oil IMO the market will not be impressed if it is more of an oil play now.