OEX 20.0% 0.6¢ oilex ltd

Uninspiring. $5M CR to bring existing wells to production and...

  1. 1,409 Posts.
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    Uninspiring.

    $5M CR to bring existing wells to production and OEX to cash flow neutrality - so we're not bleeding to death.
    Scant mention of approval process, yet to be commenced, to engage JV partner (Indian gov't) for the 4 well drill campaign in 2015 - negotiations likely to be protracted going on past experience.
    And nooooooo reference whatsoever of sourcing funds for the 4 well 2015 drill campaign.

    I'm bewildered.
    I seriously expected Ron to come out with more on funding the next well(s), 78H etc.


    Canning? has fallen off the table completely.

    Sentiment ....... lost for words.

    While I appreciate your company here, the sooner I can get out the better - at this stage just praying for a pump and dump.
 
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