How could you ruin peoples weekends by even mentioning the ASX/AIM Range Resources ?
What a bunch of shysters they were with that Pirate Pete guy at the helm .
It is tremendous that the respectable Range Resources were able to prove the concept and make big incremental improvements in as few as 4 wells .
John Buggenhagen who has been involved with Polish shale since the beginning made the point that even 30 wells is just getting started and that the fabulously economic results coming out of America are only coming from a very few blocks .
With Oilex realistically sized concession at least they only have to work out the engineering and navigating the bureaucracy - and don't have to find a needle in a haystack .
Looks like they got a heck of a lot more right on this well than they got wrong .
OEX Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
