OEX 20.0% 0.6¢ oilex ltd

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  1. 1,409 Posts.
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    The buy-side agrees with us mandurah. It's holding up strongly - absolutely no sign at this stage of any flinching, nerves or derisking. Surprisingly, touch wood, no snorters. But, then again, they can offer up a buying opportunity.

    Until there is some reason or basis to think otherwise I'd be guided by the announcements - and, like you say, working through possible scenarios from cleanup through flow test results.

    And somewhere in there we'll get further word on Canning - no hurry. I don't like to be too optimistic after being bitten a few times (still in recovery ward), but a good to ok/better than average Cambay outcome could see OEX building on that as a spring board to underpin the Canning project - with Magna on board. Of course building considerable market cap along the way.

    All conjecture & hyperbole at this stage.
 
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